Hyderabad: In a significant development in the ongoing Formula E car race case, the Anti-Corruption Bureau (ACB) conducted raids at the residence of KTR in Gachibowli, Orion Villas. The raids come shortly after KTR was summoned for questioning by the ACB earlier today, but he returned without attending the inquiry.
The ACB had recently issued notices to KTR, who is facing serious allegations in the case. KTR, who appeared for questioning on Monday, created a stir by refusing to allow his legal representatives into the inquiry session, resulting in his being sent back. In a media statement, KTR accused Chief Minister Revanth Reddy of engaging in diversionary tactics and described the entire situation as part of a political drama. He also raised concerns over the trustworthiness of the police and stated that without his lawyers present, there was a risk of false statements being leaked.
KTR further disclosed that he had submitted a written statement to the ACB. Details of this letter are generating significant interest as the investigation progresses. As per sources, the ACB is preparing to issue new notices based on KTR’s letter. The High Court has instructed KTR to cooperate with the ongoing investigation, and further notices from the ACB are expected shortly.
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Allegations Against Green Co: BRS Accused of Election Bond Profits
Meanwhile, the government has raised concerns regarding the Green Co company, which organized the E-car race. Officials allege that the company provided substantial election bond benefits to the BRS party. Reports suggest that Green Co purchased bonds from its affiliate 41 times, leading to payments totaling 41 crores, at a rate of one crore per bond. The government has claimed that this constitutes a significant financial gain for the party through election bond transactions.
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