Hyderabad – The Enforcement Directorate (ED) has initiated a money laundering case against BRS Working President and former Minister K.T. Rama Rao (KTR), IAS officer Arvind Kumar, and former HMDA Chief Engineer BLN Reddy. This follows an FIR filed by the Anti-Corruption Bureau (ACB) alleging fund misappropriation during the Formula E-Car racing event.
The ED registered an Enforcement Case Information Report (ECIR) based on the ACB’s FIR, invoking charges under the Prevention of Money Laundering Act (PMLA). Allegations include unauthorized payments in foreign currency to an overseas entity, reportedly on oral instructions from KTR, violating established regulations.
The ACB had earlier claimed that significant irregularities occurred in the management of funds for the event. The ED has requested related documents, including the FIR, from the ACB as part of its investigation.
KTR had already approached the Telangana High Court seeking to quash the ACB FIR. The court directed the ACB to refrain from taking any coercive action against him until December 30.
Following the ED’s move, KTR is expected to file a petition in the Telangana High Court regarding this case as well. The development intensifies legal scrutiny and raises questions over governance in the high-profile event.