: 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.
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The media baron and his eldest daughter-in-law Sailaja Kiran are the prime accused in the Margadarsi Chit Fund Scam in which several diversion of funds and other violations of the chit fund act took place.