News from Hyderabad Justice Raja Elango, of the State High Court on Wednesday (30/11/2011) found fault with the Ongole police for initiating criminal prosecution against RMP Infotec Private Limited. Mr Raja Elango stayed the order for seizing bank accounts of RMP Infotec. Earlier the police had initiated the action by framing case against RMP in the form of Prize Chit and Money Circulation. All the RMP bank accounts were also affected due to this. The bank accounts were freezed and the cheques were bounced from the RMP account. All the RMP management and leaders were not affected by this. The news of some of the
top level crown diamonds like Abhilash Thomas shifting from the company also, needs to be seen as a separate issue Personal issue.
The petitioners from the RMP company had said that the similar cases were booked against them by the police of the neighboring Guntur district, the High Court had stayed prosecution. Similar cases framed in the neighboring districts was also stayed by the court. Now all the distributors are waiting to get the news of company bank accounts to be released.
Once there is a official announcement from RMP company about the bank accounts unfreeze people can drop their cheques. Till then all leaders are requested not to submit the cheques for clearing.
