: On July 30, a notice has been given to all the subscribers of the Margadarsi chit fund stating that the Margadarsi was alleged to have many financial irregularities, criminal violations and diversion of funds under the Andhra Pradesh Registrar of Chits.
Denying all allegations, the Margadarsi Chit Fund Pvt Ltd on Sunday criticised the Andhra Pradesh government after the Andhra Pradesh Registrar of Chits issued a notice to the chit fund subscribers, expressing concerns about alleged financial .