Hyderabad: The Telangana High Court on Tuesday declined to quash a petition to dismiss a case registered by ACB in the Formula E-Race against K T Rama Rao and the executive president of the Bharat Rashtra Samithi (BRS). The High Court concluded hearing the arguments of both parties on December 31, 2024.
On the other hand, KTR is discussing with his lawyers about the verdict and it is reported that he will approach the Supreme Court.
Advocate General A Sudarshan Reddy presented arguments on behalf of ACB saying payments of Rs 46 crore in British currency were made before the deal in the Formula-E Race case, in violation of the rules for the 10th Racing Season. The investigation of the case is in the preliminary stage and all the evidence will come out after its conclusion. The court was informed that the statement of the complainant, Danakishore, had been recorded.
Replying to the court's query about the accused Arvind Kumar and BLN Reddy filing any petitions, the AG said neither any petition has been filed so far nor any arrest has been made in the case. The FIR was registered only after the Governor's permission.