AgriGold bond verification in Karnataka from October 27; nine centres set up
Authorities from Andhra Pradesh and Karnataka are organizing verification centers for victims of the AgriGold financial fraud. The process aims to facilitate relief for thousands of depositors affected by the multi-crore scam.
Why it matters
This is a critical step in providing financial restitution to millions of victims of a major inter-state investment fraud.
AgriGold bond verification in Karnataka from October 27; nine centres set up left The AgriGold scam is an inter-State financial fraud worth roughly ₹6,380 crore to ₹7,000 crore that duped about 32 lakh depositors. RAPIDEYE Getty Images https://th-i.thgim.com/public/incoming/6oq60g/article71620165.ece/alternates/FREE_1200/iStock-157619625.jpg RAPIDEYE Handcuffs over newspaper with the word fraud The verification exercise follows the Andhra Pradesh government’s constitution of a five-member Group of Ministers to review and address issues concerning AgriGold depositors. Bengaluru The Andhra Pradesh Crime Investigation Department (CID), in coordination with the Karnataka CID, will conduct verification of AgriGold bonds and receipts at nine centres across Karnataka from October 27 to facilitate relief for depositors, victims, legal heirs and agents. The verification exercise follows the Andhra Pradesh government’s constitution of a five-member Group of Ministers to review and address issues concerning AgriGold depositors.
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