Agri Gold Company dupes customers: Janti Kriya Samithi urges the state and central government to intervene.

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Mangaluru, June 17: The Janti Kriya Samithi has urged the state and central government for justice against the Andhra Pradesh based Agri Gold Farms and Estate Company which has cheated its customers. The Janti Kriya Samithi aims at the welfare of Agri Gold customers and agents.

Addressing a press conference in the city on Tuesday, June 17th; B S Chandru, of Janti Kriya Samithi, said the Securities and Exchange Board of India (SEBI) has given an interim judgement stating that the Agri Gold company should not collect new deposits from the public’s and also should not introduce new projects. Along with this, the company should provide details pertaining to the standing assets and also the telephone numbers of customers and agents, states the judgement, he said.

The Andhra Pradesh government has seized all the land which the Agri Gold Company had purchased out of funds collected from its customers. Among the 162 branches of the company, 45 branches are in Karnataka. As per the documents of SEBI Mumbai authority and Andhra Pradesh government, Agri Gold Company has purchased about 16,000 acres of land in Karnataka, Andhra Pradesh and Orissa. The company has Rs 10 crores of assets. Rs 8,000 crores are remaining pending to be paid by the company to its depositors, he said.

The National Human Rights Commission as well as the Prime Minister should intervene in this matter and provide justice to customers and agents. The government should convene a meeting with the company’s proprietor and take further actions, he said.

He said, pertaining to this, requisitions are given to the concerned demanding for appropriate actions within 30 days. Else protest will be organized, he said.

Social worker Aiysha Mumtaz, convener V Rajan, and Harshad were present on this occasion.

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