The crime investigation department (CID) of Andhra Pradesh on Monday served notices to the chairman of Margadarsi Chit Funds Private Limited (MCFPL) Cherukuri Ramoji Rao, his daughter-in-law and managing director of MCFPL Cherukuri Sailaja and branch managers of various branches of the chit fund company for alleged cheating, diversion of deposits into mutual funds, which are contingent on capital markets’ risks and violation of Chit Fund Business Act and Reserve Bank of India (RBI) guidelines.
The SIT, investigating the Telangana State Public Service Commission exam paper leak case, summoned Telangana BJP chief Bandi Sanjay to appear before it on March 24. On Saturday, the team arrived at Bandi Sanjay's house for questioning.
In Thursday’s MLC election for seven vacant seats, the YSRCP won six, while the TDP, which has only 19 MLAs, won one seat. Against all odds, Panchumurthi Anuradha of the TDP won, allegedly with the help of votes from the four YSRCP MLAs.
Andhra Pradesh received 340 investment proposals with an investment of Rs 13 lakh crore, providing employment to nearly six lakh people across 20 sectors, Chief Minister YS Jagan Mohan Reddy announced on Friday at Global Investors Summit held in Visakhapatnam.