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Andhra Pradesh HC grants bail to TDP leaders in chit fund case

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Amaravati: The Andhra Pradesh High Court on Wednesday granted bail to former Telugu Desam Party (TDP) MLC Adireddy Appa Rao and his son and TDP state
Amaravati: The Andhra Pradesh High Court on Wednesday granted bail to former Telugu Desam Party (TDP) MLC Adireddy Appa Rao and his son and TDP state executive secretary Adireddy Srinivasa Rao in a case relating to financial irregularities in a chit fund company.
They were arrested by the Crime Investigation Department (CID) of Andhra Pradesh on April 30. They had filed a petition for bail and the High Court had completed hearing on the same two days ago.
Appa Rao, the husband of TDP Rajahmundry MLA Adireddy Bhavani, and their son Srinivasa Rao, are directors in Jagajjanani Chit Funds Private Limited.

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