ACB alleges; Congress cheers
Telangana’s ACB says Rs 44 crore in electoral bonds linked to Greenko were bought for BRS months around the October 25, 2022 Formula E agreement — an allegation, not a verdict. The BJP-led Centre’s broken bond regime made this fog possible; the Congress would like the fog to count as proof. It doesn’t.
The alleged Greenko–BRS bond trail remains a matter for evidence and court scrutiny.
Here is what is on the record, minus the spin. The Telangana ACB filed an FIR in December 2024 naming K. T. Rama Rao as Accused No. 1 over HMDA payments to Formula E Operations, and later filed a charge sheet. According to the FIR coverage, about Rs 45–55 crore was transferred in 2023 and the RBI levied a penalty, with the tripartite agreement dated October 25, 2022. KTR has denied wrongdoing, saying HMDA acted within its remit to put Hyderabad on a global stage.
What the ACB now alleges — and it is expressly an allegation — is that companies linked to Greenko purchased electoral bonds worth Rs 44 crore for the BRS in April and October 2022, and that investigators read this as a quid pro quo tied to promoter arrangements. The precise bond dates, donor entities, ownership links and the charge sheet excerpts are not publicly available in the material we could review. That is the difference between an allegation and evidence you can hold in your hand.
Two national parties built this fog and now want credit for navigating it. The BJP-led Centre designed electoral bonds to be opaque; the Congress is happy to wave that opacity as a conviction when it suits its Telangana script. Telangana does not need Delhi’s morality plays — it needs the documents. Until those are on the table, this is an ACB claim that will have to stand up in court, not a prize the Congress can pocket in a press conference.