BRS working president KT Rama Rao.
Hyderabad: The Enforcement Directorate (ED) on Thursday questioned Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao (KTR) for over seven hours in connection with the Formula E Race case.
KTR arrived at the ED office in Basheerbagh around 11 a.m., leaving his residence in Nandinagar, Banjara Hills, at 10 a.m. He was accompanied by a large number of BRS leaders. The questioning was in response to a notice issued by the probe agency.
The ED filed an Enforcement Case Investigation Report (ECIR) based on a First Information Report (FIR) registered by the Anti-Corruption Bureau (ACB) against KTR and two other officials. During the interrogation, ED officials primarily focused on alleged violations of the Foreign Exchange Management Act (FEMA) and money laundering charges. The case involves funds allegedly transferred to a foreign company without adhering to due procedures to organize the Formula E Race in Hyderabad.
A few days ago, the ACB also questioned KTR for over seven hours after booking a case against him under provisions of the Prevention of Corruption (PC) Act, along with Section 409 (Criminal Breach of Trust) and Section 120-B (Criminal Conspiracy) of the Indian Penal Code (IPC).
( Source : Deccan Chronicle )
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