Hyderabad: A big development has taken place in the Agrigold scam case. The Enforcement Directorate (ED) has filed a charge sheet, and the court has accepted it for review. The ED has found out that the company collected ₹6,380 crores from more than 32 lakh customers across several states.
Agrigold was a well-known multi-level marketing (MLM) company. According to the charge sheet, the company used fake schemes to cheat thousands of people in Andhra Pradesh, Telangana, Karnataka, Odisha, and even the Andaman and Nicobar Islands.
The ED has seized assets worth ₹4,141 crores related to the case. These properties are located in various places across these states. The investigation has revealed many financial wrongdoings and connections to different individuals and entities involved in the scam.
So far, the ED has arrested 14 people in connection with the Agrigold scam. Among those arrested are key officials from the company. The ED is still working to find and seize more assets linked to the people behind the fraud.
The Agrigold scam has shocked many, especially small investors who trusted the company. These investors were promised returns on their money but were left with nothing when the company collapsed. As the case moves forward in court, the ED’s charge sheet sheds more light on how large the scam was and how the company misled so many people.
