CID seeks nod to test Ramoji firm hard disc
By Our Correspondent
Hyderabad, March 26: The Crime Investigation Department (CID) on Monday filed a petition in the first additional chief metropolitan magistrate court seeking permission to scrutinise documents seized from Margadarsi Financiers. The CID also requested the court to allow it to send a hard disc seized from the main server of Margadarsi Financiers for forensic examination. The CID said it needed assistance from technical, finance and forensic experts to access and scrutinise documents.
First additional chief metropolitan magistrate Prameela Reddy admitted the petition and posted the hearing to March 30. The court said it will also hear a petition filed by Margadarsi Financiers seeking documents from CID on the same day. Sources in the CID told this correspondent that certificates issued by Margadarsi Financiers carried a code word besides the amount of money deposited. The code, which is numerical or alpha-numerical, triggered suspicion, forcing them to seek the court’s permission to send the certificates to the State Forensic Laboratory for decoding.Sources told this correspondent that the CID suspected that the company had maintained fake deposits. Sources said that the company had allegedly "undervalued" the deposited money. Officials have alleged that though a certificate is issued for a face value of Rs 1 lakh, the actual money deposited could be more. The CID has sought the permission from the court to decipher the code used by the company