KTR summoned again by ACB in Formula E case, asked to appear on Jan 9
The Anti-Corruption Bureau of Telangana on Monday served its second summons to Bharat Rashtra Samithi working chief KT Rama Rao in a case linked to alleged irregularities with regard to conducting a Formula-E race in Hyderabad in 2023. Meanwhile, the KTR working chief has also been summoned by the Enforcement Directorate for questioning on January 7 in a money laundering case linked to alleged payment irregularities during a Formula-E race held in Hyderabad in February 2023. The federal agency filed an enforcement case information report or FIR in December, 2024 in the case under various sections of the Prevention of Money Laundering Act, taking cognisance of a Telangana Police Anti-corruption Bureau complaint. The probe against 48-year-old Rao, popular as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous BRS regime in February 2023.
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