New Delhi, February 24: The Enforcement Directorate (ED) announced on Monday that it has successfully secured a court order to restore assets worth Rs 3,339 crore to the victims of a Ponzi scheme involving the Agri Gold group of companies. The alleged scam affected individuals across Andhra Pradesh, Telangana, Odisha, and other states.
The case revolves around the Agri Gold group, which is accused of soliciting deposits from approximately 19 lakh customers, with a total of 32 lakh accounts, under the guise of high-return real estate investments or promises of residential plots.
In 2018, the ED launched a money laundering investigation into the matter, based on multiple police FIRs filed in Andhra Pradesh, Telangana, Karnataka, Odisha, and the Andaman and Nicobar Islands.
