Naidu shielding Margadarsi scam

Tadepalli, Feb 21: YSRCP SC Cell State President and former MLA TJR Sudhakar Babu slammed CM Chandrababu Naidu for misusing his power to shield the Margadarsi scam. Addressing the media, he accused the CM of compromising the integrity of the CID to protect the Ramoji family, who are at the center of the controversy.
Sudhakar Babu pointed out that despite clear evidence collected by the CID in 2023, highlighting financial irregularities and illegal diversions by Margadarsi, the CID, under Chandrababu’s leadership, retracted its findings and filed an affidavit giving the company a clean chit. 
He called this a blatant example of how governments whitewash crimes to protect fraudsters.
He further criticized Chandrababu for openly misusing his position, stating, "The Margadarsi case proves that anyone close to those in power can escape any crime." He also targeted Eenadu newspaper, calling it a political mouthpiece for Chandrababu and accusing it of manipulating news to serve his interests in a classic quid pro quo arrangement.
Highlighting the severity of the situation, Sudhakar Babu revealed that despite earlier CID findings of RBI violations by Margadarsi, the current government suppressed this evidence under Chandrababu’s pressure, damaging the credibility of law enforcement.
He stressed that the issue is not a political feud but about protecting thousands of cheated depositors. He noted that assets worth Rs. 1,050 crore attached by the CID were released after Chandrababu came to power, enabling the scam further. He also criticized Janasena and BJP for supporting Chandrababu, calling it a betrayal of public trust.
Sudhakar Babu reaffirmed YSRCP’s commitment to stand with the victims and continue the fight against the misuse of power and systemic corruption in the Margadarsi case.