Hyderabad: Akshaya gold farms & villas a vizag based real estate company who has collected huge deposits in the name of real state and villas is not paying maturity amount of the depositors.Agents of Akshaya Gold Company staged a dharna at the company office in Nellore,Andhra pradesh demanding payment for the matured bonds.
The incident raised doubts on the management of Akshaya Gold, who collected huge deposits from hundreds of customers.
Akshaya Gold agent PV Narayana Reddy has collected deposits worth Rs 20 lakhs from customers. He took the issue to the notice of the higher officials when he failed to get the amount from the Company even after the maturity date of the bonds. He alleged that MD Bogi Subrahmanyam, founder director Haranath Babu and GM Ramesh were giving irresponsible answers.
When the problem remained unsolved even after making several rounds to the Nellore office, Narayana Reddy explained the problem to other agents who in turn resorted to the agitation.
Whether Akshaya gold company will pay the maturity amount to its depositors? Several agents collected huge deposits from their friends and relatives to the company.Now agents getting pressure from the depositors due to non payment of the company.Now the agents and depositors are asking the management pay the maturity amount immediately.Whether akshaya gold company can pay the maturities?