KT Rama Rao summoned by ED in Formula-E race case on January 7
India TodayThe Enforcement Directorate has issued summons to BRS working president and former minister KT Rama Rao, senior IAS officer Arvind Kumar and former Hyderabad Metropolitan Development Authority chief engineer BLN Reddy, in connection with the alleged financial irregularities of Rs 55 crore in hosting the Formula-E race in February 2023. An Enforcement Case Information Report was registered under various sections of the Prevention of Money Laundering Act, taking cognisance of a Telangana Police Anti-corruption Bureau FIR filed on Thursday, according to sources. BRS leader and party working President KT Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused no. The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approval, to conduct a Formula-E race in Hyderabad during the previous regime in February last year.