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The Hindu
The Hindu
National
The Hindu Bureau

Auction of Green Buds firm’s properties: Victims of money-pooling scheme look forward to competitive bidding for refund of deposits

Kurubur Shanthakumar

Thousands of depositors of Green Buds Agro Farm Company Pvt. L.t.d., who had allegedly been defrauded in a money-pooling scheme, are looking forward to competitive bidding in the e-auction of the company’s immovable properties.

Several depositors of the scheme had gathered for a meeting convened by Karnataka State Federation of Farmers’ Organisations near Kuvempu Park in Mysuru on Friday and are hoping for wider participation and competitive bidding for the agricultural land in Doddakavalande village and Madapura village in Nanjangud taluk near here on January 12.

Addressing the depositors, federation president Kurubur Shanthakumar said there was a need to create wider awareness of the e-auction so that the hard-earned money of farmers and labourers invested in the scam could be refunded in full.

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