A fresh case has been filed against Ramoji Rao by the AP CID based on a complaint given by Gadireddy Uri Reddy, son of Gadireddy Jagannadha Reddy, the founder of Margadarsi.
Uri Reddy claimed that Ramoji Rao threatened him with a gun, coercing him into signing papers that deprived his family of their rightful share in Margadarsi.
The case has been filed under IPC sections 420, 467, 120-B, R/w 34, naming Margadarsi Chairman Ramoji Rao, MD Sailaja Kiran, and others as the accused.
According to Uri Reddy's complaint, his father GJ Reddy hailing from Jonnapadu in Krishna District completed his education in the then Czechoslovakia and established Navabharat Enterprises in Delhi.
Cherukuri Ramoji Rao, from Pedaparupudi in the same district, was recommended for employment by Communist leader Kondapalli Seetaramaiah to GJ Reddy.
Uri Reddy stated that over time, Ramoji Rao impressed his father with his business acumen, leading to the establishment of a chit fund company with an initial investment of Rs. 5000.
According to Uri Reddy's complaint, in return for this investment, Ramoji Rao supposedly allocated shares to his father.
Following GJ Reddy's demise in 1985, Uri Reddy was unaware of these shares until a media report surfaced in 2014.
Despite numerous attempts to contact Ramoji Rao, no communication occurred until 2016 when he secured an appointment.
Allegedly, during the meeting, Ramoji Rao forced Uri Reddy and his brother to sign blank affidavit papers, showing a gun, according to the complaint.
The FIR has been filed, and the case's progression remains to be seen.
