The Enforcement Directorate has summoned Bharat Rashtra Samithi (BRS) leader KT Rama Rao and several others for questioning next month in connection with a money laundering case related to alleged payment discrepancies during a Formula-E race in Hyderabad in February 2023.
Following a complaint from the Telangana Police Anti-corruption Bureau, the agency filed an enforcement case information report (ECIR), also known as a FIR, last week under different provisions of the Prevention of Money Laundering Act.
According to the sources, Rama Rao, the working president of BRS and son of former Telangana chief minister K Chandrashekhar Rao, was asked to depose on January 7 to record his statement.
Senior IAS officer Arvind Kumar and retired bureaucrat and former Hyderabad Metropolitan Development Authority chief engineer BLN Reddy have been called for questioning on January 2 and January 3, respectively.
The investigation against 48-year-old Rama Rao, also known as KTR, concerns alleged payments of around Rs 55 crore, some in foreign currency without authorisation, to hold a Formula-E event in Hyderabad in February 2023 under the previous BRS administration.
Also Read: Mauritius to Fly Flags at Half-Mast in Honour of Dr Singh; Bhutan King Pays Tribute
