Court dismisses KTR's plea to quash corruption charges in Formula E race scandal
- In Reports
- 04:45 PM, Jan 07, 2025
- Myind Staff
K.T. Rama Rao (KTR), the working president of BRS, faced a setback on Tuesday when the Telangana High Court dismissed his petition to quash the Formula-E race case. The court also cancelled its earlier order that had stopped his arrest.
The working president of Bharat Rashtra Samithi (BRS) and former minister KTR is being investigated by Telangana's Anti-Corruption Bureau (ACB) for allegedly participating in a money laundering case involving purported financial irregularities related to the Formula-E event that was hosted in Hyderabad in February 2023.
On Monday, the ACB called KTR to their office in Hyderabad for questioning regarding the case. Speaking to ANI, KTR told that the ACB was not permitting his lawyers to be present during the questioning.
"I am here as a law-abiding citizen respecting the High Court, respecting Anti Corruption Bureau's direction to appear before them. I'm here, but they're not allowing my advocates, they're not allowing me to have my own rights. As a citizen, I am entitled to my lawyers being present with me. But unfortunately, they seem to have a different opinion," KTR said.
On December 19, the Telangana ACB filed a charge against Rama Rao, the working president of the BRS and an MLA, for allegedly making payments for a Formula-E race in Hyderabad during the previous administration, some of which were in foreign money without permission.
In addition, the Enforcement Directorate (ED) has filed an enforcement case information report (ECIR) against KTR and other parties involved in the case under the Prevention of Money Laundering Act (PMLA). The Enforcement Directorate (ED) has filed an Enforcement Case Information Report (ECIR) after the Telangana Anti-Corruption Bureau (ACB) registered a First Information Report (FIR) against Bharat Rashtra Samithi (BRS) leader KTR and others in the Formula-E funding case.
In the FIR, KTR is named as the main accused, while senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy are listed as the second and third accused, respectively. The case was brought under the Prevention of Corruption Act's pertinent sections as well as the Indian Penal Code's criminal breach of trust and conspiracy provisions.
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