Hyderabad: Former Hyderabad Metropolitan Development Authority (HMDA) Chief, BLN Reddy, did not appear for questioning by the Enforcement Directorate (ED) as part of the ongoing investigation into the Formula-E case. Instead, Reddy sent an email to the ED Joint Director, requesting more time to attend the inquiry.
In his email, Reddy explained that personal reasons prevented him from appearing on the scheduled date. He requested an extension, and ED officials reportedly responded positively, assuring him that he would be called for questioning at a later date.
The ED is investigating allegations of financial irregularities and potential violations of the Foreign Exchange Management Act (FEMA) related to the organization of the Formula-E race in Hyderabad. The case centers on claims of misappropriation of HMDA funds that were reportedly transferred to a foreign company.
Reddy’s absence has raised interest as the ED continues to delve into the high-profile case. The agency has also summoned other officials and key individuals for questioning in the coming days.
