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Case Filed On Margadarsi Chitfund MD :-Sailaja Kiran

Case filed on Margadarsi Chitfund MD Sailaja Kiran :

Margadarsi Chitfund MD Sailaja Kiran is in trouble, going deeper into this a Investor called Hashita in the Margadarsi Chit Funds filed a case on the MD and Manager Srinivas Rao mentioning that despite her payment back to the Chitfunds her Land documents were not relieved from them and Magistrate Jayaraju summoned Machavaram Police to take the necessary action on the required people involved.

Hashitha mentioned that she bought the land from K Subashini on June 17th 2009 and has Mortgaged the same with Margadarsi Chit Funds for an amount of 29,95,999 and has agreed to pay back the amount in 4 installments and wrote an agreement for the same and did pay back the first 2 installments on time and gave a Check of 20 Lakhs on the name of Vijaya Bank.

She added that on 28th 2009 she made a payment of 3 Lakhs and requested the management to give back her Documents and promised to pay the remaining amount on time but instead she was shocked with the reply of the management that she has to pay another 8 Lakhs to get her documents and changed their word for which she filed cases against them under IPC 406,420,509 and also alleged that they have threatened her and used foul language against her and requested Court to take necessary action.

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