It is important to complete planned work once a target is fixed. However, some argue that the government of Jagan in Andhra Pradesh is known for large-scale arrests during its rule. While some opposition Telugu Desam leaders have been arrested, many others have also been sent to remand in various cases. The government has also been credited with acting very tough.
Recently, in the Margadarsi chit fund case, a similar pattern seems to be emerging. There are strong opinions that the Jagan government is persistent in this matter. In the past few days, a series of developments are taking place as part of a strategy.
The government has conducted inspections in various branches of Margadarsi, as well as CID searches in the homes of many branch managers. The focus has also been on Brahmaiah and Co., who are chartered accountants for the guide. The searches lasted for many hours, and one of the company's partners, a 75-year-old man, faced a bitter experience.
In connection with this episode, Margadarsi's official partner K. Shravan, who is the auditor of the company, was arrested as part of the chit fund fraud. He was produced before the Magistrate of Vijayawada Third Metropolitan Court and remanded for fourteen days. It is said that Shravan did not disclose the details of deposits of hundreds of crores related to the guide and that the auditing was done against the rules. In the wake of these developments, one of the heads of the Ramoji family is also facing a CID investigation. It remains to be seen what further developments will occur.
