National

AP: CID conducts searches at 37 branches of Margadarsi across State

[ad_1]

Mangalagiri: The crime investigation department of Andhra Pradesh conducted searches at 37 branches of Margadarsi Chit Funds Pvt Ltd (MCFPL) across the State on Saturday, for alleged financial irregularities.

As part of the State government’s continuing probe, CID teams were deployed to conduct extensive searches of financial records and documents in the 37 branches of Margadarsi, said AP CID chief Sanjay.

“In continuation of investigation in cases registered against Margadarsi on April 29, the CID is conducting searches at the following 37 branches of MCFPL,” Sanjay said in a statement.

MS Education Academy

The AP CID had earlier raided multiple offices of the company last month on alleged irregularities, including diversion of depositors money into mutual funds and speculative markets for personal gain.

Subscribe us on The Siasat Daily - Google News

[ad_2]
#CID #conducts #searches #branches #Margadarsi #State

( With inputs from www.siasat.com )

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button