Reacting to the allegations levelled by Ramoji Rao against him, the minister told media persons here that he was not exploiting the poor like the media baron.
A case was registered against Margadarsi under Sections 120(B), 409, 420, 477(A) read with 34 of IPC, section 5 of Andhra Pradesh Protection of Depositors and section 76, 79 of Chit Funds Act 1982.
Former MP Vundavalli Arun Kumar demanded constituting an inquiry by a retired judge of the Supreme Court into the financial irregularities in Margadarsi Chit Fund.
Former Member of Parliament Vundavalli Arun Kumar has accused Eenadu group chairman Ch. Ramoji Rao of violating law in the Margadarshi chit fund episode.