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on 2008/3/29 2:06:20
Media baron and chairman of Margadarsi financiers, Cherukuri Ramoji Rao is now in real trouble. The Supreme Court on Friday set aside his plea seeking a stay on the investigations by the state police into the alleged irregularities by the state government and investigating agencies.
The Supreme Court has now made it clear that the state government can now initiate action against Ramoji Rao for any irregularities committed by his group. If found guilty, Ramoji Rao will have to pay a fine of 7,000 crore and also face the prospect of a two year jail term.
Jagan’s Saakshi naturally went to town with this development. It carried two big stories very prominently on page one today. Ramoji Rao and his son Ch Kiron are now on bail for four months in connection with a criminal case related to land in Visakhapatnam.
The Supreme Court has now made it clear that the state government can now initiate action against Ramoji Rao for any irregularities committed by his group. If found guilty, Ramoji Rao will have to pay a fine of 7,000 crore and also face the prospect of a two year jail term.
Jagan’s Saakshi naturally went to town with this development. It carried two big stories very prominently on page one today. Ramoji Rao and his son Ch Kiron are now on bail for four months in connection with a criminal case related to land in Visakhapatnam.
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