ED Investigation:The Enforcement Directorate (ED) has arrested former Telangana minister and BRS working president KT Rama Rao (KTR) in a case of alleged monetary irregularities associated to the Formula-E race to be held in Hyderabad in February 2023. Summons have been issued to. This case relies on allegations of money laundering in which KT Rama Rao and another members of his household are additionally concerned.
According to a report by India TV, this case is expounded to the cost of Rs 55 crore which was made for organizing the Formula-E race. It is alleged that some funds have been made in overseas foreign money with out approval. In this case, KT Rama Rao alongside together with his sister Okay. Kavita’s identify has additionally come up. The Anti-Corruption Bureau (ACB) of Telangana Police had first registered an FIR in the case, after which the Enforcement Directorate filed a primary info report (ECIR) underneath sections of PMLA.
KT Rama Rao denies allegations of irregularities
KT Rama Rao has denied any wrongdoing in this matter. He says that Rs 55 crore was paid and the Formula-E race organizers have accepted this cost. However, contemplating the seriousness of the allegations, ED has began investigating the case.
Reactions of Congress and opposition events
Regarding this matter, opposition events have accused the BRS authorities and its leaders of corruption. Congress has responded to this by saying that such instances needs to be investigated independently and impartially. Opposition leaders alleged that the Telangana authorities misused public money.
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