Agri Gold crisis: 2 people lose lives
Posted January 7th, 2015, 02:58 PM IST

Ongole: One person committed suicide and another died of heart attack in connection with the Agri Gold crisis in the district. An agent of Agri Gold, T. Sudhakar, 45, who had mobilised Rs 60 lakh deposits for the company, of which nearly Rs 30 lakh had matured, committed suicide by consuming pesticide in at his house in Vemavaram village under Ballikurava mandal on Tuesday.
According to sub-inspector P. Chowdeswar, he has been under pressure from depositors for refund of deposits. With the company not repaying the deposits, the agent unable to bear the pressure, resorted to the extreme step. He is survived by wife and a daughter and son. He worked in the postal department.
In another incident, Lingala Satyanarayana, a carpenter aged 42, of Gurajepalli village under Yeragondapalem who had deposited Rs 40,000 in 2008 in Agri Gold died of a heart attack while watching a news report on TV about Agri Gold Company.
Satyanarayana was waiting to get his refund as his deposit had matured. The cheque issued by the company for Rs 72,000 bounced. He had recently got his third daughter married and hoped to clear his debts with the deposit money. He is survived by wife and five daughters.
According to sub-inspector P. Chowdeswar, he has been under pressure from depositors for refund of deposits. With the company not repaying the deposits, the agent unable to bear the pressure, resorted to the extreme step. He is survived by wife and a daughter and son. He worked in the postal department.
In another incident, Lingala Satyanarayana, a carpenter aged 42, of Gurajepalli village under Yeragondapalem who had deposited Rs 40,000 in 2008 in Agri Gold died of a heart attack while watching a news report on TV about Agri Gold Company.
Satyanarayana was waiting to get his refund as his deposit had matured. The cheque issued by the company for Rs 72,000 bounced. He had recently got his third daughter married and hoped to clear his debts with the deposit money. He is survived by wife and five daughters.
- Kiara Advani, Sidharth Malhotra embrace parenthood for the second time
- Amitabh Bachchan admits difficulty decoding Gen Z slang
- Yash takes out extra time time to pose for selfies with fans before leaving Mumbai airport
- Bollywood stars shower blessings on Anshula Kapoor Rohan Thakkar at wedding reception
- Shilpa Shirodkar recalls losing Chaiya Chaiya with SRK
- Watch Russian couple dramatic proposal atop Empire State Building sparks global buzz
- Aamir Khan says his wedding with partner Gauri Spratt will be intimate affair with family and friends
- Actress Sreeleela recalls balancing MBBS medical exams with Viral Vayyari song shoot on Doctors Day
- US removes four Indian firms from sanctions list
- Suriya joins hands with T J Gnanavel for new hombale films project
- US Iran agree to sustain Strait of Hormuz ceasefire resume broader nuclear talks
- Telangana Governor CM Revanth Reddy urge people to join fight against drug abuse
- Samantha Confirms Pregnancy Shares Maternity Leave Plans Have To Take A Small Break
- Allu Arjun to appear in court on Monday in Sandhya Theatre stampede case
- Yoga centres to be set up in all villages announces CM Chandrababu Naidu
More News
Photos
Latest
- Kiara Advani, Sidharth Malhotra embrace parenthood for the second time
- ‘Sometimes we get addicted to our own greatness’: Manoj Bajpayee
- Dulquer Salmaan’s ‘Aakasamlo Oka Tara’ gets November 20 release date
- ‘Mirzapur: The Movie’ crosses Rs 100 crore at domestic box office in opening weekend
- Amitabh Bachchan admits difficulty decoding Gen Z slang
- Watch: Nagarjuna releases trailer of Allari Naresh-starrer ‘Ramba Oorvasi Menaka’
- “Tum bahut lambe ho…”: Big B shares struggles of early acting days
- Nayanthara reveals how Geethu Mohandas convinced her to join ‘Toxic’
- Sonu Nigam says childhood anger fuelled his passion and shaped his singing career
- Yash takes out extra time time to pose for selfies with fans before leaving Mumbai airport
Opinion Poll
Videos















