"KTR will come out clean": BRS after ED summons KT Rama Rao in alleged formula-E race irregularities case

Hyderabad (Telangana) [India], December 28 (ANI): After the Enforcement Directorate issued a summons to BRS working president KT Rama Rao in an alleged formula-E race irregularities case, BRS leader Ravula Sridhar Reddy on Saturday said that KTR will come out clean in this case.
"We have been saying that the Formula E case, in which the ACB has filed an FIR against KTR, does not fall under the ambit of corruption, the government should explain how it is corruption... As a responsible leader, he will definitely respond to the notice in a proper manner. There is no corruption, there is no misuse of money. Certainly, KTR will come out clean in this case," Ravula Sridhar Reddy told ANI.
The ED has issued summons to former Telangana Minister KT Rama Rao (KTR) to appear before the agency on January 7 in an alleged money laundering case over alleged financial irregularities linked to the Formula-E race held in Hyderabad in February 2023, official sources said.
The move comes days after the ED registered an enforcement case information report (ECIR) under the Prevention of Money Laundering Act (PMLA) against KTR and others in the case.
ED filed the Enforcement Case Information Report (ECIR) after the Telangana Anti-Corruption Bureau (ACB) registered a First Information Report (FIR) against the Bharat Rashtra Samithi (BRS) leader KTR and others in the alleged Formula-E funding case.
Telangana Governor Jishnu Dev Varma recently approved the registration of a case against KTR regarding the matter. 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.
On December 20, the Telangana High Court directed the Anti-Corruption Bureau officials not to arrest KTR till December 30 in the case.
On December 19, Telangana ACB registered a case against BRS working president and MLA Rama Rao over alleged payments, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime.
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. (ANI)