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No need to continue probe into Margadarsi, Andhra tells HC

March 01, 2025

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The Morning Standard

The Andhra government on Friday told the Telangana High Court that further investigation into Margadarsi Chit Fund was unnecessary, citing the demise of its "Kartha" (head) under the Hindu Undivided Family (HUF) framework.

- TG NAIDU @Hyderabad

The Telangana government echoed a similar stance, presenting its argument within five minutes.

The court conducted a hearing on the ongoing investigation into alleged violations of financial rules by Margadarsi Chit Fund floated by the late media baron Ramoji Rao.

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