Wed, May 27, 2015, 01:46 PM
The AP government has attached the properties of Sri Chakra Gold (Farms and Villas India Ltd.) in Visakhapatnam and Avani Gold (Farms and Estates) in Kurnool, which cheated thousands of depositors, promising more interests. Sri Chakra Gold collected Rs 10,000 from each depositor and promised double the amount in four years. But it did not fulfill this promise after collecting a total of Rs 15 cr and 16 lakh. The company's MD Dasari Aruna Devi and her husband Dasari Narendra, who was the director, have been booked. Avani Gold acquired 79 acres of land worth RS 19 crores from poor people promising huge returns but deceived them.