#APElections : Ramoji Rao vs Ys Jagan peaks at the climax | Why is margadarsi ramoji case | supreme court
The Andhra Pradesh CID, which is investigating the Margadarsi Chit Fund Private Limited (MCFPL) for alleged financial irregularities, has filed seven FIRs against the company, which is owned by the Eenadu group led by its chairman C Ramoji Rao.

The Additional DGP (AP CID), N Sanjay, said Tuesday that based on the complaint of the Commissioner & Inspector General (Registration and Stamps), AP, the FIRs were lodged against the chit fund company under the IPC sections 420 (cheating), 409 (breach of trust), 120(B) (conspiracy), 477(A) (falsification of accounts) read with the IPC Section 34 (Acts done by several persons in furtherance of common intention), and Section 5 of the Andhra Pradesh Protection of Depositors of Financial Establishments Act 1999 and Sections 76 and 79 of the Chit Funds Act, 1982 at the CID police station at Mangalagiri in the state.

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