BRS working president KT Rama Rao asserted that he has “done nothing wrong” and termed the charges of corruption in the Formula-E race case as “politically motivated”.<\/p>\n
Telangana High Court on Tuesday dismissed the quash petition filed by him in the Formula-E race case.<\/p>\n
“I am hoping that I will get a positive result in the Supreme Court. This case that has been foisted in me is a frivolous case which has no substance…I do hope the Supreme Court will hear my plea and will deliver justice…I have asked the anti-corruption bureau officers as to what their objection is to taking my lawyers along with me…,” KTR told ANI a day earlier.<\/p>\n
“I will make a request in High Court about it…It is a politically motivated case…I have nothing to hide and I have done nothing wrong…,” he added.<\/p>\n
Notably, the court also revoked the prior order that prevented his arrest.<\/p>\n
Telangana’s Anti-Corruption Bureau (ACB) is investigating KTR’s alleged involvement in a money laundering case over alleged financial irregularities linked to the Formula E race held in Hyderabad in February 2023.<\/p>\n
On Monday, the ACB summoned KTR to its office in Hyderabad for questioning in connection with the case.<\/p>\n
On December 19, Telangana ACB registered a case against the KTR over alleged payments, some of it in foreign currency without approvals, to conduct a Formula E race in Hyderabad during the previous regime.<\/p>\n
The Enforcement Directorate (ED) has also registered an enforcement case information report (ECIR) under the Prevention of Money Laundering Act (PMLA) against KTR and others in the case.<\/p>\n
Enforcement Directorate filed the ECIR after the Telangana ACB registered a First Information Report (FIR) against KTR and others in the Formula-E funding case.<\/p>\n
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.<\/p>\n
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.<\/p>\n
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n
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