Hyderabad: The Telangana High Court on Friday granted interim relief to BRS leader KT Rama Rao barring his arrest in the Formula E race corruption case until December 30.
The Court also allowed the Anti-Corruption Bureau (ACB) to continue its investigation into the matter.
The ACB registered the case accusing KTR of directing the Hyderabad Metropolitan Development Authority (HMDA) to pay Rs 55 crore to a foreign company in violation of Reserve Bank of India (RBI) guidelines.
ACB filed FIR under Sections 13(1)(a), 13(2) of the Prevention of Corruption Act and Sections 409 and 120(B) of the Indian Penal Code, claims that the money was transferred improperly, causing financial misconduct.
