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E-Prix probe picks up pace as ACB searches Greenko Group firms

The New Indian Express Hyderabad

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January 08, 2025

SLEUTHS of the Anti-Corruption Bureau (ACB) carried out searches at the offices of companies related to the Greenko Group located in Hyderabad and Machilipatnam on Tuesday as part of its investigation into the allegations of irregularities in conducting the Formula-E race.

- IREDDY SRINIVAS REDDY @Hyderabad

Officials suspect that Electoral Bonds donated to the BRS in 2022 may be linked to the sponsorship of the Formula-E race, which involved Greenko in a tri-party agreement.

According to ACB sources, three teams conducted searches at the offices of Ace Nxt Gen in Madhapur, and Greenko Energy in Machilipatnam.

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