Agri Gold depositors will get their money back: Committee

VIJAYAWADA: The 32 lakh depositors of Agri Gold group of companies will get their money back, the Committee constituted by the Andhra Pradesh government under the chairmanship of former bureaucrat K Narasimha Murthy today said.

The committee today met the Chief Minister N Chandrababu Naidu here.

Agri Gold group, which had interests in real estate, plantations, dairy, etc., shut the shop after facing financial crisis last year.

Following an agitation by the depositors, the government had set up a committee to sell off the company's assets and repay the depositors.

Murthy told reporters that the committee had identified properties worth Rs 7,000 crore of the firm, which owes Rs 6,800 crore to depositors.