ED Summons KTR on January 7 in Formula E-Race Case

The Enforcement Directorate (ED) has intensified its probe into the Formula E-Race case, issuing notices to BRS Working President K.T. Rama Rao (KTR). The ED has directed KTR to appear for questioning on January 7, 2025. Notices have also been served to IAS officer Arvind Kumar and former HMDA Chief Engineer BLN Reddy, who are accused in the same case. Arvind Kumar and BLN Reddy have been summoned for questioning on January 2 and 3, respectively.

The Anti-Corruption Bureau (ACB), which initially registered the case, identified KTR as Accused 1 (A1), Arvind Kumar as Accused 2 (A2), and BLN Reddy as Accused 3 (A3). The ACB alleged significant violations in the Formula E-Race agreements, leading to ED’s investigation into potential money laundering.

According to the ACB, the 2022 agreement was executed without securing the Governor’s approval. Furthermore, in 2023, payments were made in foreign currency, which the ACB claims were entirely illegal. The investigation revealed that ₹54.9 crore was spent at KTR’s behest, according to the ACB’s findings.