The Enforcement Directorate has summoned Bharat Rashtra Samithi (BRS) leader KT Rama Rao for questioning next month in a money laundering case linked to alleged payment irregularities during a Formula-E race held in Hyderabad in February 2023, news agency PTI reported on Saturday, citing sources.
The BRS leader has been asked to depose for recording of his statement on January 7.
The ED filed an enforcement case information report (ECIR) last week under various sections of the Prevention of Money Laundering Act (PMLA). It took cognisance of a Telangana Police Anti-corruption Bureau (ACB) complaint.
Besides KTR, the ED registered the case against senior IAS officer Arvind Kumar and retired engineering official of Hyderabad Metropolitan Development Authority (HMDA) BLN Reddy.
Kumar and Reddy have been summoned on January 2 and January 3, respectively.
The case revolves around the transfer of âč55 crore from Hyderabad Metropolitan Development Authority (HMDA) funds to FEO without proper approvals.
On his party, Rama Rao has denied any wrongdoing. “Where is the corruption in this? We have paid âč55 crore. They (Formula-E) acknowledged the payment,” he had said earlier, according to PTI.