ED to file prosecution plea in Formula E case

The Enforcement Directorate (ED) successful Hyderabad volition record its ain prosecution plea successful the Formula E investigation, autarkic of the support precocious granted by Telangana Governor, Jishnu Dev Varma, to the Anti-Corruption Bureau (ACB) to prosecute erstwhile Municipal Administration and Urban Development (MA&UD) Minister K.T. Rama Rao successful the Formula E contention case.

An serviceman from the ED confirmed that the bureau volition analyse the ACB chargesheet erstwhile it is completed and determination for prosecution support nether the Prevention of Money Laundering Act astatine a clip it considers appropriate. The ED’s stance means the Governor’s support to the ACB does not change oregon accelerate the money-laundering probe, which follows a abstracted ineligible route.

The probe by the ED follows the registration of a First Information Report (FIR) by the Anti-Corruption Bureau (ACB) connected December 19, 2024. The FIR was based connected a ailment by the past Principal Secretary of MA&UD, M. Dana Kishore, alleging irregularities successful payments exceeding ₹54.88 crore for Formula-E contention lawsuit held successful Hyderabad successful February 2023.