The Enforcement Directorate (ED) today arrested three persons linked to the AgriGold group's Rs 6,380 crore scam.
The three - company chairman Avva Venkata Rama Rao, director Avva Venkata Seshu Narayana Rao, and Avva Hema Sundara Vara Prasad - were produced before the ED court in Hyderabad, after which the court remanded them to 14 days of judicial custody.
The accused were then taken to the Chanchalguda prison.
According to reports, the ED is likely to file an interim application seeking the custody of the three accused soon.
The scam-hit firm had allegedly collected Rs 6,380 crore from 9 lakh depositors from Telangana, Andhra Pradesh and Karnataka, and had then diverting the money into other businesses. Further investigations reportedly revealed that the firm had founded 156 fake companies and diverted Rs 942 crores through them.
Criminal cases were filed against the firm in all three states, with the first being registered in Pedapadu police station in Andhra Pradesh's West Godavari district five years ago.