The Enforcement Directorate is preparing to register a case against KTR under the Prevention of Money Laundering Act in connection with the Formula E race controversy. This follows an FIR by the Anti-Corruption Bureau alleging financial irregularities in payments made to Formula E. KTR has moved to quash the FIRs, claiming no corruption occurred. The case involves allegations of violating RBI norms in a Rs 55 crore payment to Formula E.
#ktr #enforcementdirectorate #formulae #itwebvideos #ed #fir #rbi #financialirregularities #brs #hyderabad #hmda #telangananews #legalbattle
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