Bharat Rashrta Samithi (BRS) president KT Rama Rao (KTR) has been summoned by the Telangana Anti Corruption Bureau (ACB) for questioning within the Method E race case, on January 6, at 10 am. Earlier on December 31, the Telangana Excessive Court docket had prolonged the keep on his arrest and directed the ACB to not arrest KTR till a verdict is pronounced on his plea.
KT Rama Rao taking authorized advise on the summons
BRS working president Okay T Rama Rao is consulting authorized consultants on the summons issued to him by the ED for an look on January 7, sources near him mentioned on Wednesday. Rao, who was Municipal Administration Minister in the course of the earlier BRS regime, was summoned by the ED over the alleged irregularities with regard to conducting the race in Hyderabad.
The federal company filed an enforcement case info report (ECIR) or FIR just lately within the case below varied sections of Prevention of Cash Laundering Act (PMLA), taking cognisance of a Telangana Police Anti-corruption Bureau (ACB) grievance.
Case towards KT Rama Rao
The Telangana ACB on December 19 registered a case towards Rama Rao, a minister in BRS regime, over alleged funds, a part of it in overseas forex with out approvals, made to conduct Method-E race in Hyderabad in the course of the earlier BRS regime.
The case was registered below related sections of the Prevention of Corruption Act and IPC coping with legal misappropriation, legal misconduct, legal breach of belief and legal conspiracy that allegedly resulted in loss to the federal government exchequer to the tune of about Rs 55 crore. The FIR named Rama Rao, an MLA now, as prime accused, senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused no 2 and three respectively.