The Anti-Corruption Bureau (ACB) interrogated IAS officer Aravind Kumar in connection with the Formula E Car Race case, particularly regarding the illegal transfer of funds. During the questioning, Aravind Kumar's statement was recorded about the cash transfers to a foreign company, raising questions about the decision-making process behind the transactions, including the lack of approvals from the RBI and the Ministry of Finance.
Aravind Kumar confessed that the funds were released only after orders from Telangana Minister K.T. Rama Rao (KTR). The ACB further questioned him about the absence of financial department permissions, cabinet approvals, and RBI clearance for the transfers, as well as the bank's role in facilitating the cash movement. Investigators also delved into the terms of agreements with sponsors and the cancellation of the Formula E race for 2024.
