Sunday, December 29, 2024
News

"KTR will come out clean": BRS after ED summons KT Rama Rao in alleged formula-E race irregularities case

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Hyderabad (Telangana) | December 28, 2024 8:42:36 PM IST
After the Enforcement Directorate issued a summons to BRS working president KT Rama Rao in an alleged formula-E race irregularities case, BRS leader Ravula Sridhar Reddy on Saturday said that KTR will come out clean in this case.

"We have been saying that the Formula E case, in which the ACB has filed an FIR against KTR, does not fall under the ambit of corruption, the government should explain how it is corruption... As a responsible leader, he will definitely respond to the notice in a proper manner. There is no corruption, there is no misuse of money. Certainly, KTR will come out clean in this case," Ravula Sridhar Reddy told ANI.

The ED has issued summons to former Telangana Minister KT Rama Rao (KTR) to appear before the agency on January 7 in an alleged money laundering case over alleged financial irregularities linked to the Formula-E race held in Hyderabad in February 2023, official sources said.

The move comes days after the ED registered an enforcement case information report (ECIR) under the Prevention of Money Laundering Act (PMLA) against KTR and others in the case.

ED filed the Enforcement Case Information Report (ECIR) after the Telangana Anti-Corruption Bureau (ACB) registered a First Information Report (FIR) against the Bharat Rashtra Samithi (BRS) leader KTR and others in the alleged Formula-E funding case.

Telangana Governor Jishnu Dev Varma recently approved the registration of a case against KTR regarding the matter. The FIR lists KTR as the primary accused, with senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy named as the second and third accused, respectively.

On December 20, the Telangana High Court directed the Anti-Corruption Bureau officials not to arrest KTR till December 30 in the case.

On December 19, Telangana ACB registered a case against BRS working president and MLA Rama Rao over alleged payments, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime.

The case was filed under applicable sections of the Prevention of Corruption Act, along with provisions of the IPC related to criminal breach of trust and conspiracy. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
'Northeast is topmost priority of PM': U...
UP: Dense fog grips Kanpur, weather like...
Arunachal security forces recover cache ...
VD Satheesan welcomes CBI court verdict ...
Uttar Pradesh Congress organises condole...
Yogi Adityanath invites Union Minister A...
More...    
 
 Top Stories
Jasprit Bumrah achieves historic fe... 
All but 2 rescued feared dead in So... 
Fog layer blankets many regions of ... 
Delhi: Fog reduce visibility, tempe... 
Russia's Gazprom to halt natural ga... 
Odisha Fire Service includes dog sq... 
ABVP condmens arrests of activists ... 
People take refuge in night shelter...