The Crime Investigation Department (CID) of Andhra Pradesh on Wednesday conducted search operations at seven branches of the Margadarsi Chit Funds Private Limited (MCFPL) across the State.
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 Pradesh s Registration and Stamps Department has said that there have been malpractices in the functioning of chit fund companies in the state and show cause notice will be issued to those who have violated the rules.