New Delhi:
BRS working president KT Rama Rao asserted that he has “achieved nothing improper” and termed the costs of corruption within the Formulation-E race case as “politically motivated”.
Telangana Excessive Court docket on Tuesday dismissed the quash petition filed by him within the Formulation-E race case.
“I’m hoping that I’ll get a constructive outcome within the Supreme Court docket. This case that has been foisted in me is a frivolous case which has no substance…I do hope the Supreme Court docket will hear my plea and can ship justice…I’ve requested the anti-corruption bureau officers as to what their objection is to taking my legal professionals together with me…,” KTR informed ANI a day earlier.
“I’ll make a request in Excessive Court docket about it…It’s a politically motivated case…I’ve nothing to cover and I’ve achieved nothing improper…,” he added.
Notably, the courtroom additionally revoked the prior order that prevented his arrest.
Telangana’s Anti-Corruption Bureau (ACB) is investigating KTR’s alleged involvement in a cash laundering case over alleged monetary irregularities linked to the Formulation E race held in Hyderabad in February 2023.
On Monday, the ACB summoned KTR to its workplace in Hyderabad for questioning in reference to the case.
On December 19, Telangana ACB registered a case towards the KTR over alleged funds, a few of it in overseas forex with out approvals, to conduct a Formulation E race in Hyderabad throughout the earlier regime.
The Enforcement Directorate (ED) has additionally registered an enforcement case data report (ECIR) below the Prevention of Cash Laundering Act (PMLA) towards KTR and others within the case.
Enforcement Directorate filed the ECIR after the Telangana ACB registered a First Info Report (FIR) towards KTR and others within the Formulation-E funding case.
The FIR lists KTR as the first accused, with senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy named because the second and third accused, respectively.
The case was filed below relevant sections of the Prevention of Corruption Act, together with provisions of the IPC associated to felony breach of belief and conspiracy.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)