The Government of Andhra Pradesh has issued another order allowing the Crime Investigation Department (CID) to attach the movable assets belonging to Margadarsi Chit Funds Pvt. Ltd. (MCFPL), which reportedly made investments in the share capital of Usha Kiron Media Pvt. Ltd. and Ushodaya Enterprises Pvt. Ltd.
Addressing a joint press conference at the Publicity Cell in Secretariat, Velagapudi, Ch. Srikanth, Inspector General of Police, CID, and Amith Bardar, Superintendent of Police, CID, said assets worth ₹15.81 crore were to be attached as per the order.
Mr. Bardar said that Harish Kumar Gupta, Secretary to Home Department, issued G.O. No 134 on July 27 allowing the CID to attach the assets. Earlier, two G.O.s were issued by the Home Department for attachment of MCFPL properties. The total value of the assets as per the three attachment orders was ₹1,035 crore.
