Cherukuri Ramoji Rao, the chairman of the Eenadu Group, which also owns Margadarsi Chit Fund Private Limited under the Hindu Undivided Family (HUF), is a desperate man these days.
He is not desperate because of his health or age but because of his financial misdeeds in the Margadarsi Chit Fund Company.
The AP CID officials have uncovered several irregularities in Margadarsi over the years, which went unquestioned despite being noticed by some officials.
The power that he wields through Eenadu had blinded the officials and successive governments to look into Margadarsi, even to verify the records.
The audited statements of the companies headed by Ramoji Rao were cleared by officials at the sight of Eenadu, but not based on the books and records.
With CID officials exposing the financial fraud and consolidating the crime charges against them after questioning Ramoji Rao, the Eenadu chairman is making desperate moves to garner public support.
He is approaching people to give statements in his support, and the same are being published in Eenadu!
He is approaching politicians, advocates, and the general public who are politically motivated against Jagan Mohan Reddy, to speak for Margadarsi, which shows his distress.
He raises one question that there were no complaints against Margadarsi and one allegation that it was a political vendetta.
Yes, there were no complaints, but that doesn’t justify Ramoji Rao’s financial fraud.
There were no complaints against the AgriGold company. There were no complaints against Jagan Mohan Reddy before he was arrested and sent to jail.
Did Eenadu remain silent against Jagan, or did Ramoji Rao condemn Jagan's arrest because there were no complaints and the CBI’s intervention was uncalled for?
Did he not write pages against Jagan Mohan Reddy during the CBI inquiry and even today?
Yes, this is political vendetta by Jagan Mohan Reddy. Are Ramoji Rao's writings not political vendetta against Jagan Mohan Reddy to favor Chandrababu Naidu?
