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The Hindu

National

The Hindu Bureau

Andhra Pradesh: Rajamahendravaram City MLA’s husband among two arrested in chit fund case

CID Rajamahendravaram Appa Rao TDP

The Andhra Pradesh Crime Investigation Department (CID) has registered an FIR against Jagajjanani Chit Fund Private Limited (JCFPL), Rajamahendravaram, under various sections of the IPC, the Andhra Pradesh Protection of Depositors in Financial Establishments Act, 1999, and the Chit Funds Act, 1982.

Company foreman Adireddy Appa Rao and director Adireddy Srinivas were arrested by the police.

In a release on April 30 (Sunday), CID Additional Director General of Police N. Sanjay said the case was booked based on the written complaint filed by the Assistant Registrar of Chits in Kakinada.

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