The company Agrigold has been in the news these days for all the wrong reasons especially as it was being alleged of flouting RBI norms while collecting deposits and then failing for repaying the same to the public.
The State government had quickly ordered a CID inquiry into this incident and there was such a swift intervention from Andhra Pradesh government which took everyone by surprise.
Agrigold has been ordered to back its depositors and rather than selling its assets which far exceeds that of its debts has now become a golden target for TDP and the current crisis is reportedly being seen an outcome of their mischief.
The assets of Agrigold has now hugely multiplied courtesy the bifurcation of AP and their prime location to the new capital region with ‘Hailand Resorts’ becoming a gold mine. There are reports now that a veteran MP of TDP has taken over this.
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