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No need to continue probe into Margadarsi, Andhra tells HC
The Morning Standard
|March 01, 2025
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.
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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