Baseless campaign, KTR counters charges on Greenco electoral bonds

BRS working president says the same company had also purchased electoral bonds from Congress and BJP

HYDERABAD: Countering the baseless allegations that Greenko had extended financial benefits of Rs 41 crore to the Bharat Rashtra Samithi (BRS) through electoral bonds, party working president KT Rama Rao said the same company had also purchased electoral bonds from the Congress and the BJP.

Greenko obtained electoral bonds in 2022 and the Formula-e race was conducted in 2023. In fact, the company suffered losses due to e-race and had stepped down from the sponsorship for the event for the next year, he said during a chit chat with media persons on Monday.

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“How can that be termed as quid pro quo,” KT Rama Rao asked. He further said it was a baseless campaign being run by Chief Minister Revanth Reddy’s team.

“How can there be any irregularities in Parliament-approved electoral bonds? I am prepared for a discussion on the electoral bonds of all parties across the country,” he said.

The Telangana government shared some details with a few media houses about the ongoing Formula-e race case.

According to the details shared by the government, Greenko, which had sponsored the Formula-e race in Hyderabad, provided financial benefits to the BRS. The firm contributed Rs 41 crore to the party through electoral bonds.