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    HomeHyderabadACB Uncovers Formula E Racing Scam – ₹55 Crore in Payments to...

    ACB Uncovers Formula E Racing Scam – ₹55 Crore in Payments to Foreign Firms Revealed

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    The Anti-Corruption Bureau (ACB) has uncovered major issues in the management of Formula E racing in the state. According to the latest reports, large-scale corruption was found in the organisation and operation of the Formula E series. This has led to a thorough investigation by the ACB.

    During their inquiry, officials examined records and found that a total of 55 crore rupees had been paid to foreign companies and representatives under suspicious circumstances. The ACB is now looking deeper into these payments and plans to send notices to the companies involved, based on information from municipal department records.

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    In addition, the ACB is also considering sending notices to key individuals who were involved in managing the Formula E event under the previous government. They have stated that strict action will be taken against those responsible, showing their determination to hold the culprits accountable.

    Also read:  MLC Kuchukulla Damodar Reddy Opens Purified Water Plant at Government Degree College

    This investigation is still ongoing, and authorities have hinted that more details will be revealed soon. It seems like this racing scandal is far from over, and the investigation is moving forward quickly.

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