The Anti-Corruption Bureau (ACB) has started the ball rolling in the investigation of the Formula E Race case.
The probe agency on Wednesday recorded the statement of Municipal Administration and Urban Development Principal Secretary Dana Kishore, who is the complainant in the case.
The official reportedly gave a detailed account of how the financial irregularities that took place in the release of ₹55 crore in foreign exchange to a company based out of the UK for the conduct of season 11 of the Formula E Race in Hyderabad.
The recording of the statement assumes significance since BRS working president and former municipal administration minister K T Rama Rao figures as the Accused No. 1 in the case.
The ACB team recorded the statement for over seven hours, which covered the entire gamut of the developments till October 23, related to conducting the Formula E Race.
This story is from the December 26, 2024 edition of The New Indian Express Villupuram.
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This story is from the December 26, 2024 edition of The New Indian Express Villupuram.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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