AP CID told to facilitate auction
Hyderabad: The Hyderabad High Court on Thursday directed the CID authorities of Andhra Pradesh to make arrangements to auction the properties of Agri Gold and Akshaya Gold Companies through the E-Portal of the government. A division bench comprising Justice V. Ramasubramanian and Justice S.V. Bhatt was dealing with the petitions by depositors’ welfare associations of Agri Gold and Akshaya Gold Companies seeking a CBI probe into the fraud committed by both companies and also demanding repayment of their deposits. While expressing satisfaction at the functioning of the E-Portal after a demonstration arranged by the authorities of AP on functioning of the Portal, the bench asked the authorities to identify 10 properties of Agri Gold and five properties of Akshaya Gold to upload on the Portal for auction and place the list of properties before the court along with photographs. The bench adjourned the case to April 25.