Hyderabad: All investigation agencies like ACB and ED that have registered cases against the former minister K. T. Rama Rao, senior IAS officer Arvind Kumar and HMDA former officer B.L.N. Reddy for alleged irregularities in the formula racing event, are likely to focus on the quantum of revenue generated for organising the Formula E racing events in Hyderabad.
A day after ED officials registered cases, they are now likely to serve notices to the accused, including the suspects, for questioning.
The agency officials are still busy in collecting details about the case including the FIR, related documents, agreement copies and monetary transactions.
ACB and ED will intensify their probe and focus on the revenue that was generated and where the amount had gone. They will also concentrate on the agreement between the then state government and Formula E Operations Limited, a UK-based company, and transferring funds without approvals from authorised agencies.
ED officials are likely to write to HMDA authorities based on the ACB complaint seeking documented evidence.
Sources said that there are several violations. How much revenue was generated and where it was deposited or diverted would be a key point in the investigation, sources explained.
Meanwhile, as there are no specific instructions from court in making investigations, the agencies would intensify their probe from Monday.
