KTR Faces Tightening Legal Scrutiny as ED Registers Case
In a significant development, the Enforcement Directorate (ED) registered a case today related to the Formula E-car racing event following an FIR lodged by the Anti-Corruption Bureau (ACB) yesterday. The case names Bharat Rashtra Samithi (BRS) Working President K.T. Rama Rao (KTR), IAS officer Arvind Kumar, and former HMDA Chief Engineer BLN Reddy as accused.
The ED filed an Enforcement Case Information Report (ECIR) based on the ACB’s FIR, invoking charges under the Prevention of Money Laundering Act (PMLA). Allegations include misuse of funds and unlawful payments made to a foreign firm in foreign currency, reportedly on KTR’s verbal instructions.
The ACB had earlier registered a case alleging fund misappropriation during the Formula E-car racing event. As part of its investigation, the ED has sought copies of the FIR and related documents from the ACB.
In response to the ACB’s case, KTR filed a quash petition in the Telangana High Court. After hearing the petition, the court directed the ACB not to take any coercive action against KTR until December 30. Legal experts suggest that KTR might approach the High Court concerning the ED’s case as well.
The ED filed an Enforcement Case Information Report (ECIR) based on the ACB’s FIR, invoking charges under the Prevention of Money Laundering Act (PMLA). Allegations include misuse of funds and unlawful payments made to a foreign firm in foreign currency, reportedly on KTR’s verbal instructions.
The ACB had earlier registered a case alleging fund misappropriation during the Formula E-car racing event. As part of its investigation, the ED has sought copies of the FIR and related documents from the ACB.
In response to the ACB’s case, KTR filed a quash petition in the Telangana High Court. After hearing the petition, the court directed the ACB not to take any coercive action against KTR until December 30. Legal experts suggest that KTR might approach the High Court concerning the ED’s case as well.