The Crime Investigation Department (CID) of Andhra Pradesh on Tuesday served notices to media baron and chairman of Margadarsi Chit Funds Private Limited (MCFPL) Cherukuri Ramoji Rao and his daughter-in-law and managing director of MCFPL .
The crime investigation department (CID) of Andhra Pradesh on Monday served notices to the chairman of Margadarsi Chit Funds Private Limited (MCFPL) Cherukuri Ramoji Rao, his daughter-in-law and managing director of MCFPL Cherukuri Sailaja and branch managers of various branches of the chit fund company for alleged cheating, diversion of deposits into mutual funds, which are contingent on capital markets’ risks and violation of Chit Fund Business Act and Reserve Bank of India (RBI) guidelines.
AP CID serves notices on Ramoji, Sailaja in Margadarsi chit fund scam deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.
CID searches Margadarsi offices in AP, seize records, book Ramoji Rao, Sailaja deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.