Tuesday, January 7, 2025

AP CID serves notices on Ramoji, Sailaja Kiran

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PNS|Vijayawada

The AP CID served notices on Ramoji Rao, chairman of Margadarsi Chit Funds, and his daughter-in-law, Sailaja Kiran, managing director of the company.

For the first time, Eenadu group chairman Ch Ramoji Rao will have to appear before the AP CID police for questioning in connection with the alleged irregularities in Margadarsi Chit Funds, promoted by him.

In the notice served under Section 160 of the Criminal Procedure Code (as witnesses) in the Margadarsi case, CID Deputy Superintendent of Police Ch Ravi Kumar said that the examination of Ramoji Rao is just and necessary in view of the facts of the case. Ramoji Rao and his daughter-in-law will be questioned by the investigating officer.

The CID officer said that Ramoji Rao was requested to make himself available at his residence or office on March 29, 31, April 3, or 6, and cooperate with the investigation. He asked Ramoji Rao and Sailaja to indicate any of the four dates convenient to them and also the place well in advance for questioning by the investigating officer either through the email Id addlsprocidatr@gmail.com or WhatsApp cell No 9490636900.

It may be recalled that a few days back the CID registered criminal cases against Ramoji Rao and Sailaja Kiran in connection with the alleged irregularities in Margadarsi Chit Funds. The CID registered FIRs under Sections 120(B), 409, 420, 477(A) read with 34 of the Indian Penal Code, Section 5 of the Andhra Pradesh Protection of Depositors in Financial Establishments Act, 1999, and Section 76,79 of the Chit Funds Act, 1982. The FIR named Ramoji Rao as the prime accused (A-1) and Sailaja as A-2.

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