- विज्ञापन -
Hyderabad: After the Anti Corruption Bureau (ACB) the Enforcement Directorate (ED) is set to begin an investigation into the Formula-E race case against Bharat Rashtra Samithi (BRS) Working President and former Telangana minister K. T. Rama Rao.
Sources on Friday said that the Enforcement Directorate wrote to the Anti Corruption Bureau seeking a copy of the FIR and other documents related to the case.
The agency is likely to register an Enforcement Case Information Report (ECIR) under the PMLA.
Notably, the ACB on Thursday registered a case against KTR and two others alleged financial irregularities linked to the Formula-E race held in Hyderabad in February 2023.
The case relates to the alleged unauthorised transfer of Rs 55 crore from the Hyderabad Metropolitan Development Authority (HMDA) to Formula E Operations (FEO) without proper approvals.
The FIR was registered under Sections 13(1)(A) and 13(2) of the Prevention of Corruption Act, along with Sections 409 and 120(B) of the Indian Penal Code.
“It is alleged that on the direction of the Industry Minister Rama Rao, the HMDA paid Rs 55 crore to a foreign company in violation of RBI guidelines.”
The payments were reportedly made without obtaining approvals from the Cabinet or the Finance Department.
The BRS leader has denied the allegations of corruption.
He asked the Congress government to explain where the corruption was when the organisers confirmed that they received Rs 55 crore from the HMDA.
KTR has filed a petition in the Telangana High Court, seeking orders to quash the FIR registered by the ACB.
