Andhra Pradesh Chief Minister N Chandrababu Naidu during a cabinet meeting reportedly said that Essel Group, which owns the Zee media is willing to take over the assets of Agrigold.
Essel Group an Indian conglomerate company headed by Dr. Subhash Chandra which owns the Zee media has expressed interest to take over the assets.
The court asked the company to take over the properties of the AgriGold by depositing ₹100 crores to prove its bona fides, during the earlier hearing of cases filed by the AgriGold depositors and agents for recovering money their money.
It may be noted that, the prices of the attached assets increased manifold and several companies expressed interest in taking over the AgriGold Group of Companies. Even the government of Andhra Pradesh decided to invite established companies as the interests of 32lakh people was on stake. Since the legal implications are inconclusive, the government is going forward cautiously to do justice to the victims as soon as possible.
