ED Registered Case Against KTR: The Enforcement Directorate (ED) on Friday (December 20, 2024) has registered a money laundering case in opposition to BRS chief KT Rama Rao in a case associated to funds made for the Formula-E race in Hyderabad. In the identical case, the Anti Corruption Bureau (ACB) officers had been instructed by the Telangana High Court to not arrest the BRS chief until December 30, after which this case was registered.
This order was given by High Court Justice Natcharaju Shravan Kumar Venkat. While giving interim reduction, the High Court directed the petitioner to cooperate in the investigation and stayed the following listening to of the case until subsequent week. The authorities was additionally directed to file its reply.
What is the Formula-E race case in opposition to KTR?
Telangana ACB on Thursday (December 19, 2024) filed a criticism in opposition to BRS working president and MLA Rama Rao for allegedly making funds throughout the earlier regime for organizing the Formula-E race in Hyderabad, a few of which had been in international forex with out approval. A case was registered relating to this. Governor Jishnu Dev Verma had just lately given permission to register a case in opposition to Rama Rao on this difficulty.
KTR principal accused in FIR
The FIR named Rama Rao as the principle accused, senior IAS officer Arvind Kumar as accused quantity 2 and retired bureaucrat BLN Reddy as accused quantity 3. A case was registered beneath related sections of the Prevention of Corruption Act and sections coping with prison breach of belief and conspiracy beneath the IPC.
What was the matter?
Earlier this 12 months, the federal government had sought an evidence from Arvind Kumar for signing an settlement associated to the Formula-E race in which Rs 55 crore was paid with out the approval of the competent authority. Most of this was in international forex. Later, Formula E introduced the cancellation of the Hyderabad E-Prix, accusing the brand new Telangana authorities of breach of contract. The second Formula-E race in India was scheduled to be held on 10 February.
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