ACB issues fresh notice to KTR in Formula E case
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Hyderabad: The Anti-Corruption Bureau (ACB) has issued a new notice to BRS working president KT Rama Rao in connection with the alleged illegal transfer of Rs 55 crore to the London-based company Formula E Operations (FEO).
He has been asked to appear before the bureau on June 16 (Monday).
This is the second time that the BRS leader has been summoned in the case. The ACB had served notice to KTR earlier on May 26, asking him to appear for questioning. However, he sought more time, citing his scheduled trip to the UK and USA.
KTR is accused of directing the Municipal Administration and Urban Development (MAUD) top brass to release the funds through the Hyderabad Metropolitan Development Authority (HMDA) to ensure the second edition of the race took place in Hyderabad.
The first edition was held in Hyderabad and sponsored by the city-based company Ace Nxt Gen Pvt Ltd. However, Ace Nxt Gen backed out of sponsoring the second edition, so the govt took responsibility for sponsoring it, with the intention of holding it in 2024. The ACB alleges that the payment was made without following the established procedures, despite the existence of a model code of conduct (MCC). After Congress came to power, however, they cancelled the second edition and ordered an inquiry.
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