According to the victims, only two families have received compensation of Rs 5 crore, while the others are yet to receive any sort of relief.

Andhra AgriGold scam victims to go on 30-hour Satyagraha demanding compensation
news Justice Monday, December 18, 2017 - 10:08

Victims of the AgriGold scam will go on a 30-hour silent Satyagraha in Gandhi Nagar, Vijayawada on Wednesday, demanding compensation from the government.

According to victims of the scam, which broke out in 2015, only two families have received compensation of Rs 5 crore, while the others are yet to receive any sort of relief.

Demanding financial relief, family members of 150 deceased AgriGold customers and agents will take part in the protest, which will begin at 10 am and continue till Tuesday, reported The Hans India.

Muppalla Nageswara Rao, President, AgriGold Customers and Agents Association,,

said that the association will demand compensation for all families as announced by the government in September 2017.

Rao told THI, “The government officials are asking family members to show the post-mortem report but most of family members have not taken it as they were not aware that the government will ask for it.” 

He said that though the government has given alternative option of asking family members of victims to procure certificates from nearby police stations as proof of death and even after doing so, more than 140 families have not received any compensation.

It may be recalled that nearly 150 AgriGold customers and agents died during the last two years, either by committing suicide or due to illness.

The government had earlier in October set up counters across the state for the victims to get their documents verified and seek relief. Nearly 17,000 depositors turned up at the centres with their bank details and documents like Aadhaar card.

In the scam, the company was accused of luring several people with the promise of higher returns on their investments. The company later invested the money in real estate. However, in 2014, cases of cheque bouncing were reported and soon it was revealed that the investors were cheated by the company.

The chairman of the company A Venkata Seshu Narayana Rao and MD were later arrested by the CID in 2016.


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