Hyderabad Formula E funding case: More trouble for KTR as ED to file case
India TodayThe Enforcement Directorate was preparing to register an Enforcement Case Information Report under the Prevention of Money Laundering Act against former minister KT Rama Rao and others over alleged financial irregularities linked to the Formula E race held in Hyderabad in February 2023. This comes after the Telangana Anti-Corruption Bureau registered a First Information Report against KTR and others in the Formula E funding case. The ACB, in its FIR, alleged that Rs 55 crore, meant for a second Formula E race in Hyderabad, was transferred under KTR’s direction. On December 12, 2024, Telangana Governor Jishnu Dev Varma approved the prosecution of KTR and former Municipal Administration Special Chief Secretary Arvind Kumar, and other officials, after consulting with the Attorney General.
History of this topic
ACB Files Corruption Case Against KT Rama Rao Over Irregularities Linked To Hyderabad Formula-E Race
ABP News
KTR challenges Revanth Reddy for Telangana Assembly debate on Formula E row
India Today
Case against KT Rama Rao over Rs 45 crore payment linked to 2023 Formula-E race
India Today
BRS leader KTR named accused no.1 by Anti-Corruption Bureau in Formula E race case
New Indian Express
Formula E Car Race Scam: CS Writes to ACB Seeking Probe Against KTR
Deccan Chronicle
Telangana governor clears prosecution against KTR over Formula E funding misuse
India Today
Formula E Race Noose Tightens Around KTR After Governor Gives Nod for ACB Probe
Deccan Chronicle
KTR defends payment of Rs 55 cr to FIA
Deccan Chronicle
Governor's nod sought to prosecute KTR
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