I listined a rumor that Mr.Ramoji Rao chairman of Margadarsi financiers is making arrange ments to repay?

Question

Is it possible? And i am very much intrested that if he was succeeded in repaying before prematurity as per their company norms may be it is successful private organizing sector in india which was collected more than 2600 crores without proper rules and regulations. Let me know is it possible that to make such a huge amount to repay?

Answer 1

Ramojirao had ethics once upon a time. So Margadarsi chits had a rule that none can bid losing more than 40% of the value.. This helped many poor and lower middle class save money. But once the word Margadarsi became very popular,Margadarsi chits made a rule which benefits only the rich. He ruled that no chit will be for less than one lakh of rupees..His thinking changed to business only for the rich.
Margadarsi financiers illegally collecting deposits as Hindu undivided family and Ramiji film city using assigned lands is exposed.
With total confidence in his name he offered share in film city to NRIs and to film producers and actors of his own caste, and surreptuously started one association in the name of his own caste. But the responce is poor.
Even then he is hell bent on repaying .