Governance
YS Jagan, during his Prajasankalapa yatra, had promised that he would support the depositors of AgriGold who lost their money by investing in the company.
Image: AP I&PR

The YSRCP government in Andhra is taking measures to ensure the welfare of AgriGold scam victims and has released Rs. 264.99 crore as promised in the elections. This step by the government would benefit the lakhs of depositors who lost their savings.

Around 200 people have lost their lives in Andhra alone due to the scam, while the victims are spread across nine states.

YS Jagan Mohan Reddy, during his Prajasankalapa yatra (walkathon), had promised that he would support the depositors of AgriGold who lost their money by investing in the company. At the time, he had assured that his government would give Rs 1150 crore for those who have deposits below Rs 20,000.

The government on Friday issued orders releasing Rs. 264.99 crore which will benefit 3.69 lakh depositors in the state.  

The district collectors have already submitted the details of depositors with below Rs 10,000. About Rs 14,09,41,615 is allocated for 19,751 victims in Guntur; Rs 5,81,17,100 for 8,257 victims in Chittoor; Rs 11,46,87,619 for 19,545 victims in East Godavari; Rs 23,05,98,695 for 35,496 victims in West Godavari; Rs 36,97,96,900 for 57,941 victims in Vijayanagaram; Rs 31,41,59,741 for 45,833 victims in Srikakulam district; Rs 11,14,83,494 for 15,705 victims in Kurnool; Rs 16,91,74,466 for 24,390 victims in Nellore; Rs 15,04,77,760 for 21,444 victims in Krishna district; Rs 20,64,21,009 for 23,838 victims in Anantapur; Rs 13,18,06,875 for 18,864 victims in YSR Kadapa; Rs 19,11,50,904 for 26,586 victims in Prakasam; Rs 45,10,85,805 for 52,005 victims in Visakhapatnam.

Earlier in February this year, the then TDP government had disbursed Rs 250 crore for those who had invested Rs 10,000 and below.

The government had identified close to 19 lakh depositors in Andhra Pradesh alone who were cheated by Avva Venkata Rama Rao, managing director of M/s AgriGold Farm Estates India Private Limited.  

District Collectors and Home department officials concerned, including DGP of the state, were asked to take necessary measures to disburse the relief amount.

Also read: A fatal gold rush: How the lives of thousands of Andhra residents fell apart thanks to the Agri Gold scam