Supreme Court issues notice to Ramoji Rao in Margadarsi case
NEW DELHI: The Supreme Court of India issued notices to media baron Ramoji Rao and Margadarsi Financiers in Margadarsi case. It is known that former MP Undavalli Arun Kumar filed a petition in the Apex Court challenging the verdict passed by the Hight Court of erstwhile united Andhra Pradesh.
Earlier, Undavalli Arun Kumar filed a petition against Ramoji Rao alleged that he collected Rs 2,600 crores from the people against RBI rules on the name of Margdarsi Chits. After hearings, the united Andhra Pradesh High Court dismissed the case on the grounds of Hindu Joint Family. Click the video for more information.