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Апрель
2023

Andhra Pradesh government wants ED, SFIO to investigate Margadarsi Chit Fund

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Last month, the Andhra Pradesh CID had registered seven cases at seven places where MCF has branches. The cases named MCF chairman Ramoji Rao and his daughter-in-law Sailaja, apart from the managing director and branch managers. Rao is the head of the Ramoji group which has businesses in media, film production, hotels, food and textiles. MCF headquartered in Hyderabad has businesses in Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.



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