Finance Minister justifies
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Finance Minister justifies CID searches

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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

Finance Minister justifies CID searches

Says Government is not vindictive towards Eenadu

Hyderabad, February 22, 2007

The Finance Minister, K. Rosaiah has reiterated that the action of the CID's searches on Margadarsi Financers did not amount to attack on the freedom of press as claimed by the Opposition.

The Rangachary Committee appointed to inquire into the matter was acting cautiously after obtaining legal consent but the Opposition parties, particularly TDP were trying to project as if the Government was being vindictive towards Eenadu daily for exposing its lapses.

Speaking to media on Thursday, the Minister said that the Rangachary committee was constituted after firm reported losses following the Reserve Bank of India's directive not to accept fresh deposits. The company earlier used to recycle the depositors, which have been stopped after the RBI's directive, and questions are now being raised over the security of the deposits. In the process of its inquiry, the committee neither entered the premises of Eenadu nor questioned any member of the publication.

Andhra Pradesh on February 22 , 2007

New GO authorizes Information Commissioner to file cases against media
GO would make media to be more responsible for its stories

Congress making steps to grab GVMC Mayor position
Camp politics shifts to Hyderabad

Former HUDA Chief engineer convicted
Judge orders confiscation of property worth over 14.51 lakhs

Searches on Margadarsi creates furore in Assembly
TDP delegation meets Governor for action against the Government

Finance Minister justifies CID searches
Says Government is not vindictive towards Eenadu

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February 22 in History

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22 February 2002
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22 February 2003
Highlights: Finance Minister Releases Budget

22 February 2004
Highlights: TDP Vijayabheri need not fear of naxals - says Naidu

22 February 2005
Highlights: 31 Telugu Desam MLAs suspended

22 February 2006
Highlights: TDP leader convicted for six months jail

22 February 2007
Highlights: New GO authorizes Information Commissioner to file cases against media

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