Agrigold scam: Bail for three accused

Hyderabad: Justice G Sri Devi of the Telangana high court on Wednesday granted 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.