Ongole: The CID on Friday filed a chargesheet in the Akshaya Gold case in district court at Ongole, with 37 persons as the accused. A CID team led by assistant superintendent of police Mary Prasanthi submitted the 2012-page chargesheet in the court.
The company had allegedly collected deposits worth Rs 735 crore from 15.94 lakh depositors all over India. About 10.11 lakh depositors were from Andhra Pradesh, and the company collected about Rs 335.75 crore from them.
The company issued certificates to depositors promising high returns or a piece of land in lieu of the deposit amount, on square foot/unit basis. There was no demarcation of land for the depositors against their deposits as promised by the company.
During the investigation the CID found that company officials and marketing executives of Akshaya Gold Farms & Villas India Limited had cheated the public by carrying out non-banking financial transactions and acting as a non-banking financial company without obtaining permission from RBI and SEBI.
Under the guise of promoting real estate, it diverted Rs 41.5 lakh to its sister concern companies Akshaya Packaged Drinking Water Private Limited and Akshaya Gold Home Care Products Private Limited.
The CID had frozen Rs 10,15,12,226 lying in the accounts of different banks including 26 branches of SBI, 33 branches of SBH, 95 branches of Axis Bank and 38 of HDFC Bank.
