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Last November, Andhra Pradesh's Registration and Stamps Department said that there have been malpractices in the functioning of chit fund companies in the state and show cause notice would be issued to those who have violated the rules.

Andhra pradeshCherukuri ramoji raoAmaravati andhra pradeshSailaja cherukuriStamps departmentMargadarsi chit fund privateAndhra pradesh crime investigation departmentMargadarsi chit fundRegistrations regulatory authorityMargadarsi chit fund private limitedManaging director sailaja cherukuriInspector generalAndha pradeshHit fund camId serves noticeCherukuri ramoji rao