Mysuru: With the Mysuru Assistant Commissioner (AC) asking the aggrieved investors and depositors of the city-based Green Buds Agro Farms (P) Ltd., to present all the documents that they have at the AC’s Office for submission at the Court before Dec. 27, the agents and depositors of the defaulting investment firm held a meeting at the Park opposite the Deputy Commissioner’s Office here this morning to discuss proper ways of presenting the documents.
Hundreds of investors and agents from Ballari, Koppal, Shivamogga, Kodagu, Mysuru and other districts of the State attended the meeting called by Green Buds Agro Farms Agents and Investors Rakshana Samithi.
Addressing the gathering, Samithi President Lakshmidevi said that lakhs of people from across the State had invested their hard earned money in Green Buds with a hope of getting high returns. But the company, which opened 72 branches across the State, had duped the gullible investors to the tune of crores of rupees since 2013, by not returning the deposits even after maturity date.
This had caused a lot of heartburn among the investors and the government, following a series of protests, ordered a CID probe into the issue.
Now, the Court has directed the government to attach all properties and assets of the defaulting firm and repay the money to depositors, she said adding that the Court’s order had brought some relief to the depositors who are eagerly awaiting to get back their money.
Samithi office-bearers G.P. Manjunath, A. Nagaraj and others attended the meeting.
This post was published on November 20, 2018 6:41 pm