ED attaches Rs 4,109 crore worth of assets in Agri Gold ponzi scam case
New Delhi, Dec 24: The Enforcement Directorate has attached properties worth Rs 4,109 crore, spread across various states, in a money laundering case linked to an alleged ponzi scam, the agency said on Thursday.
The case pertains to Agri Gold Group of Companies, whose three promoters had been arrested by the central agency on Tuesday.
"The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery," the ED said in a statement.
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
The ED initiated a probe into the matter after going through various police FIRs filed against the accused in Andhra Pradesh, Telangana and Karnataka for allegedly duping about 32 lakh investors after funds worth Rs 6,380 crore were collected from them.
The "main accused" are Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad -- the promoters of Agri Gold Group of Companies who have been arrested by the ED.
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Karnataka to witness heavy rain for next 10 days
Bengaluru: The India Meteorological Department (IMD) has forecast that the southwest monsoon will cause heavy rainfall likely this weekend and will drench Karnataka over the next 10 days.
The monsoon has begun retreating from northwestern India. Conditions remain active over the south, with an upper air trough extending up to 1.5 km over North Interior Karnataka and northern Tamil Nadu, combined with weakening monsoon winds across the peninsula, is driving the current spell. N. Puviarasan, head of the IMD’s meteorological centre in Bengaluru, said in a conversation with Deccan Herald, “As a result, the whole of Karnataka will see rain over the next week to 10 days."
With a cyclone in the Pacific Ocean along with a low-pressure system over the north Bay of Bengal, the monsoon is expected to intensify during the next four days. IMD has predicted heavy rains across South Interior Karnataka, including Bengaluru, throughout the weekend.
Bengaluru, recorded widespread moderate to heavy rainfall on Thursday. Between 8.30 am and 8.30 pm, Bengaluru city logged 45.9 mm of rain accompanied by thunderstorms. HAL airport registered 6 mm and the Bengaluru Urban automatic station recorded 47.5 mm. Doddathoguru, near Electronics City, reported 55 mm.
According to IMD forecast heavy rainfall will occur at isolated places in Bengaluru Urban, Bengaluru Rural, Yadgir, Koppal, Raichur, Ramanagara and Mandya districts in the next few days.
The southwest monsoon is now expected to extend until mid-October and with little or no break in between, the northeast monsoon is likely to follow immediately. These are expected to last until December. “There may be no break in between,” Puviarasan said.
