TPN Correspondent
Hyderabad, Jan 17: BRS Working President K.T. Rama Rao (KTR) underwent a lengthy seven-hour questioning at the Enforcement Directorate (ED) office today, in connection with the Formula-E car race case. KTR arrived at the ED office at 10:30 AM, where he was grilled by the investigation team on multiple aspects of the case, particularly regarding the transfer of funds to a foreign company without permission from the Reserve Bank of India (RBI).
The ED has filed another case related to the payment of funds to a foreign company, citing violations of the Foreign Exchange Management Act (FEMA). During the investigation, KTR was questioned extensively about the movement of funds from the Hyderabad Metropolitan Development Authority (HMDA) account to a foreign entity, as well as the alleged breach of financial regulations.
After the seven-hour interrogation, several BRS leaders, including Balka Suman and R.S. Praveen Kumar, gathered outside the ED office, confirming that KTR’s investigation had concluded for the day. They asserted that the questioning had ended without any significant revelations.
In the wake of the investigation, KTR issued a public challenge to Telangana Chief Minister Revanth Reddy. He claimed that the cases against him were politically motivated and biased. KTR emphasized his commitment to the truth, asserting, “I have done nothing wrong. I am ready for any investigation, whether at CM Revanth Reddy's house or even at a judge's house. I am also willing to take a lie detector test.”
KTR further accused CM Revanth Reddy of facing his own legal issues and stressed that he would fully cooperate with any investigation. "I have fully cooperated with the ED and will continue to do so, no matter how many summonses are issued," KTR stated. "I respect the Indian legal system and will attend any investigation to clear my name."
KTR concluded by urging CM Revanth Reddy to select the time and place for further investigation, claiming he was ready at any time. He also called for an end to what he described as “bogus cases” that waste the time of investigating officials.
