This story is from March 11, 2021
Agrigold scam: Bail for three accused
Hyderabad: Justice G Sri Devi of the Telangana high court on Wednesday granted
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bail
to the three accused in the Agrigold deposits scam in a case filed against them by the Enforcement Directorate (ED) under provisions of the Prevention of Money Laundering Act. The directors of this scam-hit company, Avva Venkata Rama Rao, AV Seshu Narayana Rao, and Hemasundar Prasad were granted bail. They were arrested by AP police in the past and were earlier jailed by AP police under IPC sections for defrauding poor depositors to the tune of Rs 7000 crore. The ED has later filed a money laundering case against them.Stay updated with the latest news on Times of India. Don't miss daily games like Crossword, Sudoku, Location Guesser and Mini Crossword.
Top Comment
Raghavendra
1387 days ago
Justice delivered in India seems to be only 10 per cent of the injustice delivered in India as the court cases drag on for years and decades as a rule rather than an exception all because of the vested interests of the politicians most of whom are either hard core blue collar criminals or hard core white collar criminals or both.Read allPost comment
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