BRIEF NOTE ON AVANI GOLD CASE


Avani Gold Farms & Estates Pvt. Ltd.

The Company and its Directors collected huge amounts of money from the public in Andhra Pradesh in the guise of Real Estate and cheated them for an amount of Rs. 19 crores.

Total Depositors                                           :         45,000

Amount collected by the Company         :         Rs. 19 Cr.

The following 03 cases have been registered against them and all are being investigated by the CID, Andhra Pradesh.

  1. Cr. No. 25/2013, U/Sec. 420, 406, 120(B) r/w 34 IPC and Sec. 3 & 5 of APPDFEA, 1999 and Sec. 4, 5 & 6 of PCMCS, 1978  of Nandavaram PS, Kurnool District.
  2. Cr. No. 149/2013, U/Sec. 420, 406, 120(B) r/w 34 IPC and Sec. 3 & 5 of APPDFEA, 1999 and Sec. 4, 5 & 6 of PCMCS, 1978  of Yemmiganur-Town PS, Kurnool District.
  3. Cr. No. 86/2013, U/Sec. 420, 406 r/w 34 IPC and Sec. 3 & 5 of APPDFE Act and Sec. 4, 5 & 6 of PCMCS (B), Act, 1978  of Isvi PS, Kurnool District.

The following persons were arrested and remanded to judicial custody.

T. Malayadri

D. Venkateswarlu

E. Ravi Kumar Gowd

Properties (immovable and movable) have been attached vide orders:

G.O.Ms.No.65, Home (Genl.A2) Department, dt. 26-05-2015.

G.O.Ms.No.81, Home (Genl.A2) Department, dt. 16-06-2015. Amendment Order issued in G.O.Ms. No. 166, dt. 02-12-2015

Petitions have been filed in Special Court, Kurnool for making the above GOs absolute.

Related G.O's


Avani Gold - GO Ms No. 65, dt. 26-05-2015.PDF
Avani Gold - GO Ms No. 81, dt. 16-06-2015.PDF
Avani Gold - GO Ms No. 81, dt. 16-06-2015.PDF
Avani Gold - GO Ms No. 166, dt. 02-12-2015 - Revised.PDF