Hyderabad: IAS officer Arvind Kumar has completed his questioning by the Enforcement Directorate (ED) in connection with the Formula E car racing case. The questioning lasted for seven hours, during which the ED focused on the transfer of Foreign Exchange Officer (FEO) funds. As part of the process, Kumar’s statement about the fund transfers was officially recorded.
The investigation is part of a larger inquiry into the financial aspects of the Formula E car racing event. This event has attracted significant attention due to its complicated financial structure. The ED is examining Kumar’s potential involvement and looking into possible links to money laundering and other irregularities.
The results of this investigation could have major consequences for several officials connected to the project. As the ED continues its probe, more details are expected to come to light.
