AP: 7 lakh Agri Gold victims receive Rs 666.84 crore compensation from state

Speaking on the occasion, the chief minister said that he had heard the pleas of Agri Gold scam victims from every district requesting his help to get back their hard-earned money. The victims include daily laborers to middle-class families who had deposited their earnings trusting the Agri Gold management. Keeping up the promise made to those victims, he said that the state government credited Rs 905.57 crore to almost 10.4 lakh families in two phases.

Jagan said that this is the first time a government in the country is taking responsibility for the families who were betrayed by a private sector company. As identified by the District Legal Service Authority (DLSA), the state government had released Rs 238.73 crore in November 2019 to 3.4 lakh Agri Gold victims who made less than Rs 10,000 in individual deposits. Those victims who were left out in the first tranche, around 3.86 lakh depositors, were credited with Rs 207.61 crore on Tuesday. The chief minister stated that the entire process is being done in a transparent way through volunteers and CID officials.

He said that the entire Agri Gold scam had taken place with the involvement of TDP leaders and flayed the previous government for abandoning the victims and trying to loot the Agri Gold properties. He said that although the previous government promised to help the victims during the 2014 elections all it has done was to loot the company properties and abandon the victims. He said the former government had released a GO to compensate the families just two months before the 2019 elections and even after sanctioning Rs 785 crore as compensation it didn't bother to pay even a single rupee to those victims.

The chief minister assured that in the coming days the government would take steps to sell the attached properties of Agri Gold and compensate all the victims.