ACB Conducts Searches at Greenko Office in Formula E Race Case ...
3 days ago · The Anti-Corruption Bureau (ACB) has conducted searches at Greenko's office and its subsidiary, Ace Next Gen, in connection with the Formula E race case. The investigation focuses on electoral ...
Formula E race: Greenko offices in Hyderabad and A.P. raided by …
3 days ago · Greenko, through its subsidiary, was a sponsor for the Season 9 of the racing event, but later withdrew. ... 2025-01-07T18:10:42+05:30 — News Top news of the day: ...
Formula E case: Telangana ACB raids offices of ... - The News Minute
2 days ago · The Telangana Anti-Corruption Bureau (ACB) on Tuesday, January 7, conducted raids at the Greenko Group’s offices in Hyderabad and districts in Andhra Pradesh in connection with the alleged ...
ACB Raids Greenko Firms Over Electoral Bond Transactions, Blow …
3 days ago · The investigation was initiated following allegations that electoral bonds donated by Greenko subsidiaries, were part of financial dealings in a high-profile case linked to the Formula-e race held last year. Congress MLA G Madhusudhan Reddy alleged that Greenko and its affiliated companies had donated a total of Rs 41 crore to the Bharat ...
Telangana ACB raids Greenko offices in Hyderabad - The Siasat …
3 days ago · ACB raids Greenko offices in Hyderabad and Machlipatnam, Andhra Pradesh. Hyderabad: The Telangana Anti Corruption Bureau (ACB) carried out raids at the Greenko offices in Hyderabad’s Madhapur on Tuesday, January 7, a day after summoning former minister KT Rama Rao (KTR) for questioning in the Formula E Race ‘scam’.
Formula E race case: ACB raids Ace Nxt Gen, Ace Urban Developers
3 days ago · However, after the first season Greenko, the event sponsor, withdrew, citing financial reasons, and issued a letter stating they wouldn't hold the next season in Hyderabad. Following this, Six months before the Telangana elections, Formula E officials raised sponsorship concerns, prompting BRS to fund the race, paying Rs 55 crore to secure ...
Congress, BRS clash over 41 cr electoral donations by Greenko
4 days ago · Congress MLA G Madhusudhan Reddy alleged that Greenko and its affiliated companies had donated a total of Rs 41 crore to the BRS in electoral bonds between April 8, 2022, and Oct 10, 2022.
Hyderabad Formula E Race Controversy Explained In 5 Points
3 days ago · (More Motorsport News) The Greenko Group's offices in Hyderabad faced raids by the Telangana Anti-Corruption Bureau (ACB), on Tuesday for the financial irregularities under PMLA (Prevention Of ...
Formula-E case: ACB searches at Greenko Group firms
3 days ago · Greenko and its associated firms purchased electoral bonds worth approximately Rs. 117 crore. The BRS reportedly encashed Rs.41 crore. ... News & Info : [email protected] Franchise Office. Kishoo Enterprises, 3rd Floor, Mandavi Trade Centre, Kadiyali, Udupi – 576 102 Telephone : 0091-820-4295571 E-mail : [email protected] ...
ACB raids at Greenko office in Formula E race case: Here’s what …
2 days ago · The sleuths of Telangana Anti-Corruption Bureau (ACB), who carried out raids against three companies connected to the Formula E race’s former event sponsor, Greenko, found that the money invested for building the infrastructure for the race was borrowed from the Hyderabad real estate company Ace Urban Developers.