Ramoji filed a writ

By S A Ishaqui
Hyderabad, September 5: Media baron and Eenadu group of companies Chairman Mr. Ch. Ramoji Rao on Thursday files a writ petition in the AP High Court seeking a direction to quash the appointment of senior advocate S. Satyanarayana Prasad as a special public prosecutor in the cases of Margadarsi Financiers.
The petitioner challenged the validity of the government order issued on February 19, 2007 appointing a Special Public Prosecutor for filing applications and complaints Under Section 58 (E) of Reserve Bank of India Act 1934 to prosecute Margadarsi Financiers.
The petitioner also challenged the appointment of Ms Sindhu Kumari, advocate, to assist Special Public Prosecutor.
Mr. Ramoji told the court that the political party in power in the state out of malafides initiated proceedings against the petitioners and their group of companies. He alleged that the malafides arose out of the exposures made by the print and electronic media operated by the group of petitioners about misuse of power by the party functionaries in the state.
He informed the court that he has already discharged major portion of the deposit liability by making premature payments to the depositors.
Mr. Ramoji contended that the appointment was without jurisdiction and contrary to statute and is liable to set aside.