Ramojirao files petition in High Court

Margadarsi Financers seeks suspension of GOs

The battle between Congress ruled government and leading media group ‘Eenadu’ took a legal turn on Wednesday with Eenadu main promoter Ch Ramojirao filing a petition in the Andhra Pradesh High Court questioning the recent action of the State Government in appointing a probe panel to inquire into the financial dealings of Margadarsi Financiers. He seeks suspension of Government Orders issued on December 19 to look into the allegations that it raised deposits in violation of the Reserve Bank of India.

The writ petition said that the State Government’s action was mala fide and an act of political vendetta against the petitioners Margadarsi Financers, Ramoji Rao and Ushodaya Enterprises for the fearless exposes by Eendu daily and ETV in exercise of freedom of press. They named Dr YS Rajasekhara Reddy as the second respondent after the State Government. The petitioners contended that Margadarsi would not fall under the financial establishment defined under the AP Financial Establishments Act 1999.

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