Saturday, March 8, 2008

Complaint against Ramoji dismissed

The First Additional Chief Metropolitan Magistrate, Ms Y.H. Prameela Reddy, on Friday rejected a complaint filed by the Crime Investigation Department against media baron Ch Ramoji Rao and Margadarsi Financiers which he owns.

The inspector-general (CID), Mr T. Krishna Raju, who is the authorised officer of Margadarsi Financiers case, filed the complaint against Mr Ramoji Rao and his firm for alleged violation of Section 45-s (1), (i) and 45-s (2) of the Reserve Bank of India Act 1953.

However, the additional chief metropolitan magistrate passed orders rejecting the complaints stating that a special leave petition was pending in Supreme Court with regard to the same matter.
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