How safe are public deposits with press baron Ramoji Rao, HUF? Will MoF or RBI answer this question, please?

I have no expertise to comment on the subject. neither i am a part of that 2200 crore investor base. notwithstanding the author's great concern for the public, certain observations of the author appears to subtly manifest a war between the author and mr.ramoji rao. i am also not able to discount the faith of so much of investors who have invested such a mammoth 2200 crores in his HUF.Years back, we all witnessed a great scam on the investment companies and millions were defrauded. after that most of us have become sane enough to plan our investment resources. even after that if mr. ramoji rao could garner and keep such a bounty means it is a testimony, at least to me, of sheer public confidence in him.

true, it is our responsibility to bring out facts to the public but,in no way, it shall create an unnecessary turbulence and cause irrepairable damage to the public faith or confidence.

i also request TIOL to send this piece to the house of ramoji rao and ask for thier comments and clarifications, if any.

jk

jaikumar seetharaman 13/11/2006

 

And Mr. Jai kumar, you have made a valid observation again. It is very easy for panic to set into the investor base. The damage could easily be caused but the repair work would take ages and probably many a lives. About the legality of such issues, less said the better, less bothered the best.

Venu nair 13/11/2006