"margadarsi-chit-fund"

The Telangana High Court dismissed Margadarsi Chit Fund's petition challenging an Rs 81.12-lakh cross subsidy surcharge demand. The Court held that earlier Government Orders permitting third-party power sales did not constitute the specific State Government consent required for exemption.

The Andhra Pradesh government sought transfer of the matters from the Telangana to the Andhra Pradesh High Court

CID of Andhra Pradesh on Tuesday served notices to media baron and chairman of Margadarsi Chit Funds Ramoji Rao and his daughter-in-law.

Four foremen of Margadarsi Chit Fund company were arrested by the AP Crime Investigation Department

Readers are aware that the Andhra Pradesh government has impleaded in the Margadarsi chit fund scam case by filing a special leave petition in the Supreme Court earlier this year.