AgriGold case: SIT accused of showing discrimination

‘It is citing various Acts to reject applications of customers’ AgriGold Customers and Agents’ Welfare Association president Muppalla Nageswara Rao on Wednesday alleged that the Special Investigation Team (SIT) was showing discrimination by citing the purview of various Acts. Addressing the media here on Wednesday, Mr. Rao said the officials were rejecting some of the applications on the pretext that the transactions were under the Societies Act. “They are dividing the applications under Acts such as Companies Act, SEBI Act, and Societies Act, and creating confusion among the customers,” he alleged. He said all the Acts come under the purview of the State government, and it was the responsibility of the government to ensure justice for all who had initiated financial transaction with the AgriGold group of companies. “So far, 2300000 applications have been scrutinised in and hra Pradesh. The number of victims has grown from 19.5000000 to nearly 2300000, as more victims, who had bought bonds under the ‘Agri Parivar Scheme’, are added to the list,” he said. Though the government released Rs. 50000000 under two GOs towards compensation to the victims, not a single rupee was paid to them, he alleged. “The association is planning to stage a dharna with the families of the victims in Amaravati if the compensation is not paid at the earliest,” he warned. He said several agents, who were pressurised by the customers, gave back the money by selling their properties and assets. “The government should now take the receipts into consideration while registering the facts of the transactions.”