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Formula-E case: KTR summoned by ACB on January 6

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Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao has been summoned for questioning by the Telangana Anti-Corruption Bureau (ACB) in the Formula E race case on January 6.

The former minister has been asked to appear at the ACB headquarters in Banjara Hills at 11 a.m.

This comes a fortnight after the ACB booked a case against Mr. Rama Rao, former Special Chief Secretary to Government, Municipal Administration and Urban Development (MA&UD) department Aravind Kumar and former Chief Engineer of Hyderabad Metropolitan Development Authority (HMDA) B.L.N. Reddy for alleged ₹54.88 crore irregularities in Formula-E deal.

The complaint was filed by Principal Secretary to Government, MA&UD department M. Dana Kishore stating that for both the agreements, foreign remittances were made without prior approvals of the relevant regulatory authorities, which resulted in additional tax burden to HMDA to the tune of ₹8.06 crore.

Moreover, for the new agreement dated October 20, 2023, the payment was made while the Model Code of Conduct was in effect for the elections to State Legislative Assembly without any prior approval of the Election Commission of India.

The Enforcement Directorate (ED) has also summoned KTR to appear for questioning on January 7 in connection with the Formula E case over alleged money laundering charges. The ED has also asked Aravind Kumar and BLN Reddy to appear before the agency on January 8 and 9 respectively.

Published – January 03, 2025 07:13 pm IST

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