Vijayawada, Aug. 23 -- Former Minister and YSRCP Guntur district president, Ambati Rambabu, today claimed that the Supreme Court has not given Ramoji Rao a clean chit in the Margadarsi illegal deposits case and that the criminal proceedings ended only because of his death.
Speaking at the YSRCP central office, he said the dismissal of Undavalli Arun Kumar's petition cannot be portrayed as a declaration that Margadarsi's deposit mobilisation was lawful.
The ex-Minister said that the RBI had questioned Margadarsi's deposit collection even before Undavalli's complaint and made it clear that a Hindu Undivided Family could not collect public deposits in violation of Section 45S of the RBI Act. Margadarsi had collected around Rs 2,600 crore fro...