The AP government has been trying its best to sling mud at the Margadarsi chit funds by enforcing an AP CID investigation on the company.
Now, the MD of the Margadarsi chit fund, Ramoji Rao has firmly hit back against the Jagan-led government’s harassment.
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In a new report from the Eenadu publication, it is mentioned that the YCP government is clearly trying to create unrest amongst the investors at Margadarsi.
“The YCP government is trying to create unrest amongst the Margadarsi customers with these uneducated cases. The sole aim is to target the finances of the company through this false narrative. The fact that the government is dragging on one single case all the while proves the same. The high court petition is still pending on the case, but the AP CID has already issued notices to the MD and the manager” the report from Eenadu read.
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The report goes on to add that Margadarshi has been operating for the last 60 years with 10,000 crore market valuation and this is the first time that a state government is trying to target them and that proves their argument right.
