The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.

An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said.

The accused in the ED case are the same as those mentioned in the ACB FIR, they said.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/be-mindful-of-your-comments-india-slams-bangladesh-over-yunus-aides-social-media-post-785675">Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post</a>

BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one&nbsp;followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two&nbsp;and three in the ACB complaint.

This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case. 
Kavitha is now out on bail and the case is before the court.

The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year.

He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/delhi-police-crime-branch-takes-over-case-against-rahul-gandhi-785681">Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi</a>

"The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case.

Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event.

Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad.

Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023.

In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case.

High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB.

Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.

The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said. An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said. The accused in the ED case are the same as those mentioned in the ACB FIR, they said. Also read | Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint. This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case. Kavitha is now out on bail and the case is before the court. The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year. He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account. Also read | Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi "The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case. Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event. Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad. Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023. In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case. High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB. Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

India: BRS leader K T Rama Rao named in ED case over alleged Formula-E race corruption

Hyderabad, India
The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.
An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said.
The accused in the ED case are the same as those mentioned in the ACB FIR, they said.
Also read | <a href="https://www.wionews.com/india-news/be-mindful-of-your-comments-india-slams-bangladesh-over-yunus-aides-social-media-post-785675">Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post</a>
BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint.
This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case.
Kavitha is now out on bail and the case is before the court.
The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year.
He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account.
Also read | <a href="https://www.wionews.com/india-news/delhi-police-crime-branch-takes-over-case-against-rahul-gandhi-785681">Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi</a>
"The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case.
Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event.
Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad.
Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023.
In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case.
High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB.
Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao.
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint



Hyderabad, India The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said. An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said. The accused in the ED case are the same as those mentioned in the ACB FIR, they said. Also read | Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint. This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case. Kavitha is now out on bail and the case is before the court. The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year. He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account. Also read | Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi "The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case. Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event. Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad. Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023. In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case. High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB. Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

The Enforcement Directorate alleged on Monday that K Kavitha, a leader of the Bharat Rashtra Samithi (BRS), conspired with top leaders including Arvind Kejriwal and Manish Sisodia of the Aam Aadmi Party (AAP) to pay ₹1&nbsp;billion&nbsp;($12 million).&nbsp;

According to an ED statement, "Kavitha along with others "conspired with the top leaders of AAP including Arvind Kejriwal and Manish Sisodia for getting favours in the Delhi excise policy-formulation and implementation."

"In exchange of these favours, she was involved in paying&nbsp;₹100 crore to the leaders of AAP," the agency added.

Last week, the Enforcement Directorate (ED) apprehended the daughter of former Telangana chief minister K Chandrasekhar Rao, who remains in the agency's custody until March 23. According to the ED, "corruption and conspiracy" in the development and execution of Delhi's excise policy resulted in "a consistent flow of illicit funds in the guise of kickbacks from wholesalers" to the AAP.

The Enforcement Directorate claimed that the 45-year-old BRS leader and her associates were intended to retrieve the pre-paid proceeds of illegal activity given to the AAP and to subsequently generate profits or proceeds of crime through this comprehensive scheme.

<a href="https://www.wionews.com/india-news/modi-ji-twisting-shakti-remark-rahul-gandhi-clears-stance-on-pm-modis-jaan-ki-baazi-attack-701555">Also read |&nbsp;'Modi ji twisting 'Shakti' remark': Rahul Gandhi clears stance on PM Modi's 'jaan ki baazi' attack</a>

<h2>‘Kavitha a key conspirator,’ says&nbsp;ED</h2>

During the request for remand of the BRS MLC, the ED informed the special Prevention of Money Laundering Act (PMLA) court that Kavitha was identified as "one of the masterminds, a pivotal conspirator, and a beneficiary of the Delhi excise policy scandal."

Kavitha had previously stated that she had not engaged in any wrongdoing and accused the Centre of utilising the ED due to the BJP's failure to gain entry into Telangana indirectly. The AAP has accused the BJP of employing the ED and CBI as their "enforcers" to eliminate political adversaries.

Also watch |&nbsp;CAA rules notified: all you need to know about Citizenships Amendment Act

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/caa-rules-notified-all-you-need-to-know-about-citizenships-amendment-act-701574/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The agency reported conducting searches at 245 locations nationwide since the case's filing in 2022, resulting in the arrest of 15 individuals, including former Delhi deputy CM and Aam Aadmi Party (AAP) leader Manish Sisodia, AAP leader Sanjay Singh, and several liquor businessmen.

So far, the agency has submitted a total of six charge sheets in this matter and has seized assets valued at more than ₹128 crore (around $15 million).

(With inputs from agencies)

The Enforcement Directorate alleged on Monday that K Kavitha, a leader of the Bharat Rashtra Samithi (BRS), conspired with top leaders including Arvind Kejriwal and Manish Sisodia of the Aam Aadmi Party (AAP) to pay ₹1 billion ($12 million).

The Enforcement Directorate alleged on Monday that K Kavitha, a leader of the Bharat Rashtra Samithi (BRS), conspired with top leaders including Arvind Kejriwal and Manish Sisodia of the Aam Aadmi Party (AAP) to pay ₹1 billion ($12 million). According to an ED statement, "Kavitha along with others "conspired with the top leaders of AAP including Arvind Kejriwal and Manish Sisodia for getting favours in the Delhi excise policy-formulation and implementation." "In exchange of these favours, she was involved in paying ₹100 crore to the leaders of AAP," the agency added. Last week, the Enforcement Directorate (ED) apprehended the daughter of former Telangana chief minister K Chandrasekhar Rao, who remains in the agency's custody until March 23. According to the ED, "corruption and conspiracy" in the development and execution of Delhi's excise policy resulted in "a consistent flow of illicit funds in the guise of kickbacks from wholesalers" to the AAP. The Enforcement Directorate claimed that the 45-year-old BRS leader and her associates were intended to retrieve the pre-paid proceeds of illegal activity given to the AAP and to subsequently generate profits or proceeds of crime through this comprehensive scheme. Also read | 'Modi ji twisting 'Shakti' remark': Rahul Gandhi clears stance on PM Modi's 'jaan ki baazi' attack ‘Kavitha a key conspirator,’ says ED During the request for remand of the BRS MLC, the ED informed the special Prevention of Money Laundering Act (PMLA) court that Kavitha was identified as "one of the masterminds, a pivotal conspirator, and a beneficiary of the Delhi excise policy scandal." Kavitha had previously stated that she had not engaged in any wrongdoing and accused the Centre of utilising the ED due to the BJP's failure to gain entry into Telangana indirectly. The AAP has accused the BJP of employing the ED and CBI as their "enforcers" to eliminate political adversaries. Also watch | CAA rules notified: all you need to know about Citizenships Amendment Act The agency reported conducting searches at 245 locations nationwide since the case's filing in 2022, resulting in the arrest of 15 individuals, including former Delhi deputy CM and Aam Aadmi Party (AAP) leader Manish Sisodia, AAP leader Sanjay Singh, and several liquor businessmen. So far, the agency has submitted a total of six charge sheets in this matter and has seized assets valued at more than ₹128 crore (around $15 million). (With inputs from agencies)

‘K Kavitha paid ₹1 billion ($12 mn) to AAP leaders,’ Enforcement Directorate says

Delhi Rouse Avenue Court on Saturday (March 16) sent Bharat Rashtra Samithi (BRS) leader K Kavitha to custodial remand until March 23, 2024.&nbsp;She was arrested on Friday (March 15) in connection with the Delhi excise policy-linked money laundering case.

The Special Judge, MK Nagpal, after hearing the submissions, announced the decision to send the BRS leader to ED remand.

Kavitha was produced in the courtroom under heavy security in the presence of lawyers, party workers and media personnel.

While being produced before the court, she termed her arrest as illegal and said, "We will fight it (case) out in court."

Former Telangana Chief Minister K Chandrashekar Rao's daughter Kavitha was arrested by the Enforcement Directorate and brought to Delhi after a raid at her Hyderabad residence by the probe agency.

Also read:&nbsp;<a href="https://www.wionews.com/india-news/lok-sabha-election-2024-pm-pens-letter-to-country-says-our-partnership-a-decade-confident-will-continue-700636">Lok Sabha Election 2024: PM Modi says 'our partnership at threshold of completing decade' in letter to country</a>

In the arrest order, the concerned ED investigation officer said, "I believe that Kalvakuntla Kavitha, w/o DR Anil Kumar, residing in Hyderabad, Telengana-500034, has been guilty of an offence punishable under the provisions of the Prevention of Money Laundering Act, 2002 (15 of 2003)."

"Now, therefore, in the exercise of the power conferred upon me under subsection (1) of Section 19 of the Prevention of Money Laundering Act, 2002 (915 of 2003), I hereby arrest the said Kalvakuntla Kavitha at 05.20 pm on 15.03.2024 and she has been informed of the grounds for her arrest. A copy of the grounds of arrest (containing 14 pages) has been served upon her."

The development comes almost two months after the probe agency issued summons to Kavitha that she had skipped.

She has denied any wrongdoing and has alleged that the Bharatiya Janata Party-led central government was "using" the ED as the party&nbsp;could not gain "backdoor entry" into Telangana.

(With inputs from agencies)

Delhi Rouse Avenue Court on Saturday (March 16) sent Bharat Rashtra Samithi (BRS) leader K Kavitha to custodial remand until March 23, 2024. She was arrested on Friday (March 15) in connection with the Delhi excise policy-linked money laundering case.

Delhi Rouse Avenue Court on Saturday (March 16) sent Bharat Rashtra Samithi (BRS) leader K Kavitha to custodial remand until March 23, 2024. She was arrested on Friday (March 15) in connection with the Delhi excise policy-linked money laundering case. The Special Judge, MK Nagpal, after hearing the submissions, announced the decision to send the BRS leader to ED remand. Kavitha was produced in the courtroom under heavy security in the presence of lawyers, party workers and media personnel. While being produced before the court, she termed her arrest as illegal and said, "We will fight it (case) out in court." Former Telangana Chief Minister K Chandrashekar Rao's daughter Kavitha was arrested by the Enforcement Directorate and brought to Delhi after a raid at her Hyderabad residence by the probe agency. Also read: Lok Sabha Election 2024: PM Modi says 'our partnership at threshold of completing decade' in letter to country In the arrest order, the concerned ED investigation officer said, "I believe that Kalvakuntla Kavitha, w/o DR Anil Kumar, residing in Hyderabad, Telengana-500034, has been guilty of an offence punishable under the provisions of the Prevention of Money Laundering Act, 2002 (15 of 2003)." "Now, therefore, in the exercise of the power conferred upon me under subsection (1) of Section 19 of the Prevention of Money Laundering Act, 2002 (915 of 2003), I hereby arrest the said Kalvakuntla Kavitha at 05.20 pm on 15.03.2024 and she has been informed of the grounds for her arrest. A copy of the grounds of arrest (containing 14 pages) has been served upon her." The development comes almost two months after the probe agency issued summons to Kavitha that she had skipped. She has denied any wrongdoing and has alleged that the Bharatiya Janata Party-led central government was "using" the ED as the party could not gain "backdoor entry" into Telangana. (With inputs from agencies)

India: BRS leader K Kavitha remanded to ED custody for 7 days

A day after her arrest in Hyderabad, the Telangana's opposition leader K. Kavitha was produced in a Delhi Court. The enforcement directorate is now sought 10 day custody to question her in the Delhi excise policy scam case. Watch the video to know more.

India: BRS leader K Kavitha remanded to ED custody till March 24

brs-leader

Brs Leader, News on Brs Leader, stories on Brs Leader, articles on Brs Leader, Brs Leader stories at Wion, Brs Leader news, Brs Leader latest news

brs leader

India: BRS leader K T Rama Rao named in ED case over alleged Formula-E race corruption

India: BRS leader K T Rama Rao named in ED case over alleged Formula-E race corruption

‘K Kavitha paid ₹1 billion ($12 mn) to AAP leaders,’ Enforcement Directorate says

India: BRS leader K Kavitha remanded to ED custody for 7 days

India: BRS leader K Kavitha remanded to ED custody till March 24