Special teams of CID
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
Districts ~ State Politics ~ District Officials ~ Tollywood ~ Telangana News Online ~ Praja Rajyam Online
Home / Andhra Pradesh News / 2007 / February / February 21, 2007
Special teams of CID raids three Margadarsi premises

Top News

Margadarsi Financers issue

Apex Court directs HC to proceed with complaint against Margadarsi Financiers
Division Bench passed the order while disposing of a special leave petition

Margadarsi Depositors Welfare Association files writ petition
AP High Court grants interim orders

CID seizes documents of Margadarsi Financers
Searches conducted in presence of its representatives

CID officials shifts records of Margadarsi
Action followed by the Court dismissal Margadarsi petition

Another set back to Margadarsi
Court dismisses revision petition

CID resumes searches at Margadarsi
Gates of building closed for outsiders

CID to resume searches on Margadarsi on Sunday
Court gives permission to the officials for searches

More features on Margadarsi Financers issue

Special teams of CID raids three Margadarsi premises

Search at Head Office was stopped following Court order

Hyderabad, February 21, 2007

The Crime Investigation Department officials armed with a search warrant issued by First Additional Metropolitan Magistrate Pramila Reddy, the 20-member team including three forensic experts led by IGP (CID) Krishna Raju raided three premises including its head office following repots of alleged financial irregularities in violation of RBI Act. The team arrived at the Margadarsi Head office around 11.30am and searches were conducted at Margadasi's office in Bubukhan Estates at Bashirbagh and another at Lakdi-ka-Pul.

The Council for Margadarsi Financers filed a revision in the Metropolitan Sessions Court, which directed the investigating officials to seal the premises it had searched so far. The case would be taken up for further hearing on Thursday. The entire operation lasted for about six hours and the officials reportedly seized files containing details of accounts of depositors. However, no outsider was allowed to enter the office and for sometime, the employees were not permitted to go out.

However, Margadarsi claimed that Section 45 S of the RBI Act was not applicable to it as it was a Hindu United Family (HUF), the RBI made it clear the provisions of Chapter III C of the RBI Act covered that even HUFs.

Andhra Pradesh on February 21 , 2007

Civil poll results announced
Split verdict in GVMC, TDP wins in Rajahmundry & Congress wrests Hindupur

Special teams of CID raids three Margadarsi premises
Search at Head Office was stopped following Court order

AICC releases candidates list for Local bodies
PCC leaves candidate selection process to high command

SMS service for power consumers
New service launched on Wednesday

Number game for Mayoral Poll Vizaginfo.com
Independents plays key role

IndiaStudyCenter.com Three day Seminar on demography at Andhra University
Seminar feels women have suffered from discrimination

IndiaStudyCenter.com LAWCET 2007 notification will be issued on March 1, 2007
Applications to be available at Post Offices and eSeva Centres from March 7, 2007

February 21 in History

Events and happenings on 21 February in History

21 February 2001
Highlights: Chief Minister Sri Chandrababu Naidu took part in International Spiritual Conference

21 February 2002
Highlights: State budget introduced

21 February 2003
Highlights: CM says his Government is committed at getting river waters to Hyderabad and Visakhapatnam

21 February 2004
Highlights: Congress charge of misuse of official machinery

21 February 2005
Highlights: Contractors selected for irrigation projects

21 February 2006
Highlights: Security team arrives in connection with US President visit

21 February 2007
Highlights: Civil poll results announced

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us