BRS leader KT Rama Rao summoned by probe agency in Formula-E case

The BRS leader has been asked to depose for recording of his statement on January 7.

Published on: Dec 28, 2024, 13:43:56 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The Enforcement Directorate has summoned Bharat Rashtra Samithi (BRS) leader KT Rama Rao for questioning next month in a money laundering case linked to alleged payment irregularities during a Formula-E race held in Hyderabad in February 2023, news agency PTI reported on Saturday, citing sources.

Bharat Rashtra Samithi (BRS) leader KT Rama Rao. (File)

The BRS leader has been asked to depose for recording of his statement on January 7.

The ED filed an enforcement case information report (ECIR) last week under various sections of the Prevention of Money Laundering Act (PMLA). It took cognisance of a Telangana Police Anti-corruption Bureau (ACB) complaint.

Besides KTR, the ED registered the case against senior IAS officer Arvind Kumar and retired engineering official of Hyderabad Metropolitan Development Authority (HMDA) BLN Reddy.

Kumar and Reddy have been summoned on January 2 and January 3, respectively.

Also Read | BRS seeks debate on Formula-E issue in Telangana Assembly

The case revolves around the transfer of ₹55 crore from Hyderabad Metropolitan Development Authority (HMDA) funds to FEO without proper approvals.

On his party, Rama Rao has denied any wrongdoing. "Where is the corruption in this? We have paid ₹55 crore. They (Formula-E) acknowledged the payment," he had said earlier, according to PTI.

"The HMDA has an account in Indian Overseas Bank, and money has been transferred from that account..." he said while reacting to the ACB case.

On Friday, the Telangana high court had extended relief granted to KT Rama Rao from being arrested by one more day in connection with the case.

Justice Shravan Kumar directed that the ACB not to arrest KTR, as the son of former chief minister K Chandrasekhar Rao, till December 31, when the arguments on his quash petition will be heard again.

On December 20, the judge refused to quash the first information report (FIR) registered by the ACB against KTR in the Formula-E car race case, but directed the ACB not to arrest him till December 30. It asked the ACB to file a counter to KTR’s quash petition within a week.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.