Jagan Mohan Reddy Government is trying to bring down Margadarshi Chit Fund by hook or crook. We have seen the entire CID machinery going after Ramoji Rao and Margadarshi for the past few months.
CID Chief repeatedly kept Pressmeets and tried to scare the subscribers about the company. But not even one subscriber came forward and complained about not getting back their money.
Even the court found fault with the CID‘s Pressmeets trying to scare the subscribers.
Now the Government has stooped to another level. The Registrar of Chits today gave Full Page Ads in all major Newspapers warning the subscribers about Margadarshi.
The idea seems to be scarying the subscribers to flood Margadarshi officers and demand their money back. If such a scenario occurs, it will be impossible to settle money for all the subscribers at once and the company will collapse.
Jagan expects that Eenadu will also fall in line if Margadarshi is reined. But then, if the company collapses, it will impact Lakhs of subscribers and their families more than Ramoji Rao.
But Jagan is not bothered as Political gain is paramount. Customers of Margadarshi imposed massive faith in the company as they clearly see the intent of the Government in attacking Ramoji Rao.
If this continues, it will be an egg on the face of Jagan Mohan Reddy.
