AgriGold Depositors to Get Justice in Six Months
He said Chief Minister N. Chandrababu Naidu and Deputy Chief Minister K. Pawan Kalyan have initiated steps to establish a special court to expedite the process.
Vijayawada:Andhra Pradesh government has set a six-month deadline to provide complete justice to AgriGold depositors by resolving legal hurdles, auctioning company assets through court orders, and repaying investors.
Speaking after a meeting of the Cabinet Sub-Committee on AgriGold at the Secretariat on Tuesday, Food and Civil Supplies minister Nadendla Manohar said the government is committed to honouring its election promise to AgriGold victims.
He said Chief Minister N. Chandrababu Naidu and Deputy Chief Minister K. Pawan Kalyan have initiated steps to establish a special court to expedite the process.
Those who attended the Cabinet Sub-Committee meeting included Home minister Vangalapudi Anita, Revenue minister Anagani Satya Prasad and Health minister Y. Satya Kumar Yadav, who joined through video conference.
Officials made a detailed presentation on the status of the case, the proposed auction of assets, compensation already paid, and the roadmap for settling the remaining claims.
Manohar said 11.57 lakh depositors, most of them from Andhra Pradesh, are awaiting settlement, with dues in the state estimated at ₹3,944 crore.
CID investigations have found bonds worth about ₹2,000 crore in the possession of agents, which would be seized within 30 days.
The government has identified 23,599 acres of AgriGold land spread across eight states. The properties will be geo-tagged to prevent encroachments and preserved for court-monitored auctions.
Manohar said the ministers' sub-committee would review progress every 15 days to ensure that compensation reaches every genuine depositor at the earliest.
