Sunday , July 22 2018

CID files list of AgriGold assets in Andhra Pradesh

CID files list of AgriGold assets in Andhra Pradesh

CID authorities submitted AgriGold assets property value would be about 600 crore.

CID authorities of AP have submitted a list of 233 properties of AgriGold assets for its group of businesses to the Hyderabad High Court which will be auctioned to repay investors, Andhra Pradesh CID conversant the High Court that 9 of these assets have a market value of over 50 crore each and counting Haailand Resorts at Chinakakani between Vijayawada and Guntur which alone has a market value of 600 crore rupees. CID authorities projected the value of the 233 belongings at around 2700 crore. On this the sub registrar of the area worried valued Haailand Resorts on 85.13 acres at 90.24 crore rupees.

 Andhra Pradesh CID specialists submitted that the market value in the area was very high and the property value would be about 600 crore and the CID planned the market value of the nine belongings to be around 1320 crore rupees.

Andhra Pradesh News Updates

AgriGold company has commercial properties in 12543 sq.yd in Vijayawada city and 324 acres of open land in Singaraya Green Power Gencso Corporation in 741.12 acres at Hasanapuram of Prakasam district, open plots of 40.99 acres in Rajahmundry, 141.15 acres open land in Chittoor, 110 acres at Nuzvid in Krishna district and 570.75 acres in Nellore district, Keesara village in Krishna district and Clarion Power Corporation on 51.26 acres in Tangutur village in Prakasam district.

Companies sale of all the 9 properties is likely to be conducted by the HC and the auction of another 224 properties which are located in various parts of Andhra Pradesh would be conducted through the state government. Meanwhile, the Telangana CID said that it has also recognized the assets of the company and a list is being equipped.

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