Andhra Pradesh: Court adjourns Margadarsi case

Hyderabad, Feb 26: A petition filed by media baron Ramoji Rao to stay the operation of the state Criminal Investigation Department (CID) against his company Margadarsi Financiers has been adjourned by a city court till February 28.

First Additional Metropolitan Sessions Judge S Anantasayana Prasad adjourned the hearing as the counsel for the financiers, owned by Mr Ramoji Rao, failed to appear before the judge.

Speaking to media here, Special Public Prosecutor S S Prasad said the CID had seized all documents related to receipts of deposits in 26 trunk boxes and 12 cartons and sealed them in four rooms in the Margadarsi head office. The documents had been seized by CID officials as per the court direction.

The Government had approached the city court magistrate to scrutinise the seized papers, Mr Prasad added.

UNI