Telangana Bharat Rashtra Samithi (BRS) leader and former minister K.T. Rama Rao, or KTR, rejected all the allegations related to electoral bonds of Greenco firm. KTR said that Greenco had issued electoral bonds in the year 2022 and said that both Congress and Bharatiya Janata Party (BJP) had availed of its benefits.
Key Statements by KTR
- Electoral Bonds Issued Across Parties: KTR said that Greenco issued electoral bonds to BJP also along with Congress.
- Losses Raised Due to Formula E-Race: He further said that company is facing losses as it is organizing the Formula E-race 2023.
- Explanation over Electoral Bonds: KTR said that electoral bonds are absolutely legitimate. According to KTR, nothing wrong happened on account of which the parliament approved electoral bonds.
- Open Discussion Proposal: He agreed to get himself discussed about the electoral bonds issued to the political parties across the state.
Government Exposes Greenco Bonds
Telangana government exposed crucial details in the Formula E-race case regarding Greenco bonds:
- BJP Money Harvest: The reports said that the BJP had reaped ₹41 crore through Greenco under the electoral bonds.
- Electoral Bonds Purchased by Greenco: During the period from April 8 to October 10, 2022, the electoral bonds purchased by Greenco and its group were 26.
Role in Formula E-Race: In this respect, the financial investment of Greenco in the race and the resultant losses raised more questions about the motives and even political affiliations.
