An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act (PMLA) taking cognisance of a Telangana Police Anti-corruption bureau FIR filed on Thursday, the sources said. The accused in the ED case are the same as those mentioned in the ACB FIR, they said.BRS leader K T Rama Rao, the son of former chief minister of the state K Chandrashekhar Rao, has been named as accused no 1 followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused no 2 and 3. The case pertains to alleged payments of about ₹55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year.Rama Rao, also known as KTR, had denied wrongdoing, saying "Where is corruption in this? We have paid ₹55 crore. They (Formula-E) acknowledged the payment." He added that this was a 'straightforward' account. "The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case.

ED books KTR in Formula-E case

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.