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Formula E case: Politics heats up as ACB raids locations across Telangana, Andhra Pradesh
Credit: IndiaTimes- Published on January 7, 2025
ACB raids Hyderabad-based Ace Nxt Gen Pvt Ltd and other firms in connection with the alleged illegal transfer of 55 crore during the planning of Hyderabad's second edition of the Formula E race. Investigations revealed suspicious financial transactions between sister companies Ace Nxt Gen and Ace Urban Developers. Former special...
Video credit: Oneindia
Published on January 6, 2025 - 11:48
BRS Working President KTR Summoned by ACB for Questioning in Formula-E Race Case
K. T. Rama Rao (KTR), the Working President of Bharat Rashtra Samithi (BRS) and Sircilla MLA, was summoned by the Anti-Corruption Bureau (ACB) for questioning in connection with the Formula-E race case. However, his advocates were not permitted to accompany him, leading to his return from the ACB office. The investigation, which relates to allegations under the Prevention of Corruption Act, 1988, and the Indian Penal Code, has sparked a legal dispute. KTR has challenged the procedural issues of the FIR and petitioned the Telangana High Court, urging that the summons be deferred until the court’s verdict. Meanwhile, ACB is set to issue fresh notices for further questioning.
#KTR #ACBInvestigation #FormulaECase #TelanganaPolitics #BRS #AntiCorruptionBureau #LegalChallenges #CorruptionInvestigation #IndianPolitics #TelanganaHighCourt #KTRSummons
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