The recent month has seen raids by the stamps and registrations department on Maragadarshi Chit Fund offices all over Andhra Pradesh. There are no more procedures in these raids. However, the government is also pressuring its employees to disparage Margadarshi in an effort to frighten away clients and harm Ramoji Rao's companies. Recently, IG v Ramakrishna of the Stamps and Registrations Department forewarned Margadarshi investors of the dangers of chit funds.
"Maragadarshi did not provide the details we needed. Self-certification is insufficient. We don't believe in concepts like insult, fire, or trust. Only information and facts would be used in our work, he declared. "We are not happy with the information that has been given to us. So, we are uncertain. We are requesting caution from those buying chits," he continued.
Such claims are not made by ED or Income Tax. Only after receiving any proof do they proceed lawfully. But what is happening in andhra pradesh is plain to see. It is obvious that the government is attempting to harm Margadarshi's business by intimidating investors without providing any solid evidence. jagan is likely attempting to strike Ramoji Rao in this manner.
"Maragadarshi did not provide the details we needed. Self-certification is insufficient. We don't believe in concepts like insult, fire, or trust. Only information and facts would be used in our work, he declared. "We are not happy with the information that has been given to us. So, we are uncertain. We are requesting caution from those buying chits," he continued.
Such claims are not made by ED or Income Tax. Only after receiving any proof do they proceed lawfully. But what is happening in andhra pradesh is plain to see. It is obvious that the government is attempting to harm Margadarshi's business by intimidating investors without providing any solid evidence. jagan is likely attempting to strike Ramoji Rao in this manner.
click and follow Indiaherald WhatsApp channel