Formula-E Race Scam: After ACB, ED Enters Field
Hyderabad, Dec 20 (Maxim News): Enforcement Directorate (ED) officials have written a letter to the Telangana ACB regarding the Formula-E car race case. The ED has asked the ACB to provide details of the case registered against KTR. Along with the FIR registered against KTR, the ED has sought details regarding the transfer of money from the HMDA account.
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The ED has clarified to the ACB that it should provide complete details of the amount transferred and the dates on which the money transfer took place. Even though the ED officials have inquired as part of the regular process, the anxiety among the BRS ranks and leaders is increasing. There are allegations that payments were made to a foreign company in violation of the rules in the organization of the Formula-E car race.
The Income Tax Department has imposed a fine of Rs. 8,06,75,404 on HMDA for transferring Rs. 45.71 crore abroad without informing the RBI, In addition, HMDA paid another huge amount to the Federation Internationale Automobile and the Federation of Motor Sports Clubs of India in the form of the various fees. Thus, HMDA made a total payment of Rs.54,88,87,043 for the Formula E-Race Season 10. According to HMDa rules, permission from the government and the finance department is mandatory for making payments of more than Rs. 10 crore. But, none of those rules were ignored at that time.
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Chief Secretary Shanthi Kumari issued a memo to IAS officer Arvind Kumar on January 6 to explain the misuse of HMDa Board funds. He wrote an explanation letter to the Chief Secretary on January 24 explaining this. He revealed the details of MAUD contracts and money transfers including Formula E Operations and X Next Gen. He explained that HMDA board funds were paid to Formula E-Operations only on the orders of the then Municipal Minister KTR. On October 18, MAUD Principal Secretary Dana Kishore complained to the government. In the same order, the ACB, which entered the field, collected solid evidence regarding corruption. (Maxim News)
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