ACB Uncovers Quid Pro Quo Corruption in KTRs Formula E Race Case
Hyderabad: The ACB has concluded that a quid pro quo was committed in the Formula E car race in which BRS executive president and former minister KTR is an accused. During the KCR government, funds worth Rs. 45 crore were transferred from the HMDA account to companies that were partners in the Formula E car race.... The ACB has come to the conclusion that it is clear that funds worth Rs. 44 crore were returned to BRS in the form of electoral bonds from those companies. It is learnt that the ACB has collected several pieces of evidence in this regard.
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