AgriGold Chairman Suffers Cardiac Stroke

Amaravati: The controversial AgriGold company chairman Avva Venkata Ramarao suffered cardiac stroke on Monday morning at his Eluru district jail. The jail officials, on learning about the complaint, rushed him to the government general hospital at Eluru. The officials are planning to shift him to Vijayawada for better treatment.

Ramarao was arrested in February 2016 on charges of cheating people by collecting deposits from them. The AP CID arrested him in Hyderabad and shifted him to Eluru. They were arrested by the CID following High Court directions in the financial misappropriation cases.

The depositors of the AgriGold which was into real estate and chit funds across the nine States in the country landed in trouble in 2014 and had been facing cases. The Andhra Pradesh Assembly witnessed heated exchange of the TDP and YSR Congress last week when the issue of doing justice to the victims came up for discussion. Chief Minister N Chandrababu Naidu said that the government was trying to do justice to the victims by putting the properties of the company for auction.

Leave a Reply

Your email address will not be published.