Amaravati, Jul 11 (PTI) The Andhra Pradesh Crime Investigation Department CID) has issued notices to subscribers of Margadarsi Chit Funds Pvt Ltd (MCFPL) who made cash deposits over Rs 1 crore in chit groups.

These notices are part of the ongoing investigation against Margadarsi for alleged financial irregularities, especially on cash deposits made by subscribers.

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"As part of this investigation, the AP CID has specifically targeted subscribers who made cash deposits in chit groups amounting over Rs 1 crore," said interim AP CID chief P S R Anjaneyulu in a press release issued on Tuesday.

He said these individuals are under scrutiny to determine the nature and legitimacy of their transactions.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)