Formula-E Race: KTR’s turn now as ED serves notice

The ED’s investigation is based on an FIR filed by the Anti-Corruption Bureau (ACB) under the Prevention of Money Laundering Act (PMLA). The ED has identified violations of PEMA regulations and suspects financial irregularities and cash transfers to the Formula-E Operations (FEO). Consequently, the ED has issued notices to the involved parties, directing them to appear for questioning.

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