The Enforcement Directorate (ED) has filed a supplementary charge sheet in the AgriGold case, which includes 11 affiliated companies, including AgriGold Farm Estates. The charge sheet has been accepted for consideration by the court.
The ED had previously registered a case under the Prevention of Money Laundering Act (PMLA) in connection with AgriGold. Investigations are underway in multiple states, including Telangana, Andhra Pradesh, Karnataka, Odisha, and Andaman. The ED’s investigation revealed that AgriGold collected ₹6,380 crore from 32 lakh account holders, leading to the attachment of assets worth ₹4,141 crore belonging to the company.
To date, the ED has arrested 14 individuals in the case and identified the transfer of funds through 130 shell companies. Investigations also uncovered that AgriGold’s Managing Director, Venkatarama Rao, had diverted funds to other accounts. These diverted funds were subsequently invested in sectors such as power, real estate, entertainment, and pharmaceuticals.
