Hyderabad, Jan 1 (Reporter) Bharat Rashtra Samithi (BRS) working President and former Telangana Municipal Minister K T Rama Rao (KTR) to appear before the Enforcement Directorate (ED) on January 7 in connection with the Formula E race case involving the transfer of Rs 45 crore to a foreign entity. In the case, the ED had earlier issued summons to KTR and also asked IAS officer Arvind Kumar, former Principal Secretary of the Municipal Administration and Urban Development (MAUD) Department, and B L N Reddy, a former Hyderabad Metropolitan Development Authority (HMDA) Chief Engineer, to appear before it on January 2 and 3, respectively. The ED is conducting an investigation under the Prevention of Money Laundering Act (PMLA) based on an FIR filed by the Anti-Corruption Bureau (ACB) in connection with the alleged financial irregularities to the tune of ₹55 crore in the conduct of Formula-E car race in Hyderabad in 2023. The ED is also investigating if there were any Foreign Exchange Management Act (FEMA) violations in the transfer of Rs 45 crore to Formula-E Organisers (FOE), a foreign company. Taking cognizance of the ACB FIR filed on December 19 against KTR, the son of former Chief Minister K Chandrashekar Rao (KCR) under the Prevention of Corruption Act as well as under Indian Penal Code sections 409 (criminal breach of trust) and 120B (criminal conspiracy), the ED filed a money laundering case against KTR, Arvind Kumar and Reddy on December 20. In the FIR filed under Section 409 (criminal breach of trust) and 120-B (criminal conspiracy), besides Section 13(1)(a) of the Prevention of Corruption Act, While KTR was named the primary accused, Arvind Kumar and Reddy were named the second and third accused, respectively. On Tuesday, the Telangana High Court reserved its judgment on the quash petition filed by KTR challenging the FIR filed against him in connection with the alleged financial irregularities in the conduct of the Formula-E car race in Hyderabad. After hearing the arguments on the petition, the court also extended the interim orders directing that police should not arrest KTR until the verdict is delivered...////...