The Enforcement Directorate (ED) has summoned Bharat Rashtra Samithi (BRS) leader KT Rama Rao for questioning on January 7 in a money laundering case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023.

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• ED summoned KTR for questioning on January 7, 2024, in connection with a ₹55 crore payment irregularity.
• The case pertains to ₹55 crore transferred from HMDA to FEO without proper approvals.
• ED filed an ECIR under the Prevention of Money Laundering Act (PMLA) based on a Telangana ACB complaint.
• Senior IAS officer Arvind Kumar and retired HMDA official BLN Reddy also summoned on January 2 and 3, respectively.
• KTR denied allegations, stating that the ₹55 crore payment was acknowledged by Formula-E organizers.
• Justice Shravan Kumar directed ACB not to arrest KTR till December 31, pending arguments on his quash petition.
• Telangana High Court refused to quash the FIR filed against KTR but asked ACB to respond within a week.
• Formula-E race, held in Hyderabad in February 2023, has come under scrutiny for alleged corruption.
• Case highlights potential misuse of public funds and lack of proper approval processes.
• KTR, son of former CM K Chandrasekhar Rao, maintains no wrongdoing in the case.