The Enforcement Directorate (ED) and the Anti-Corruption Bureau (ACB) are intensifying their investigation into the former IT minister over alleged financial mismanagement in connection with the Formula E race. The ACB has summoned the minister to appear for questioning on January 9, while the ED has scheduled his interrogation for January 16.
Amidst mounting legal pressure, KTR has taken to social media, expressing his resilience and determination. In a defiant post, he stated:
“Mark my words, our comeback will be stronger than this setback,” emphasizing his intent to emerge stronger from the ongoing controversy.
He further added,
“Your lies won’t shatter me,
Your words won’t diminish me,
Your actions won’t obscure my vision,
This cacophony won’t silence me!
Today’s obstacles will give way to tomorrow’s triumph.”
KTR reaffirmed his faith in the judiciary and expressed confidence in the legal system while vowing to fight the allegations head-on.
This statement comes on the heels of a recent ACB raid on Ace Nxt Gen offices in Madhapur, Hyderabad, along with Ace Urban Race and Ace Urban Developers in Machilipatnam. The raids were conducted following KTR’s refusal to appear before the ACB on Monday.
Notably, Greenko, through its subsidiary Ace Nxt Gen Private Limited, was initially involved as a sponsor for the Formula E race. With investigations intensifying, the case continues to draw significant public and political attention.
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