Formula E case: Politics heats up as ACB raids locations across Telangana, Andhra Pradesh
Tuesday, 7 January 2025 ACB raids Hyderabad-based Ace Nxt Gen Pvt Ltd and other firms in connection with the alleged illegal transfer of 55 crore during the planning of Hyderabad's second edition of the Formula E race. Investigations revealed suspicious financial transactions between sister companies Ace Nxt Gen and Ace Urban Developers. Former special chief secretary Arvind Kumar is summoned for questioning.
K. T. Rama Rao (KTR), the Working President of Bharat Rashtra Samithi (BRS) and Sircilla MLA, was summoned by the Anti-Corruption Bureau (ACB) for questioning in connection with the Formula-E race case. However, his advocates were not permitted to accompany him, leading to his return from the ACB...
Tuesday, 7 January 2025
