We saved a potential loss of Rs 600 crore by denying permission to Formula E-car race: CM
3 days ago

We saved a potential loss of Rs 600 crore by denying permission to Formula E-car race: CM

Deccan Chronicle  

Hyderabad: Chief Minister A. Revanth Reddy said that the Formula E-car race scam was not limited to the Rs 55 crore that has already been paid but it could have resulted in losses of up to Rs 600 crore if the Congress government had not intervened. The Chief Minister said that he had come to know that Rs 55 crore had already been transferred by the BRS government. Taking a swipe at Rao, Revanth Reddy said: "Rama Rao claims the issue involves only ₹55 crore but the agreement would have burdened the state with Rs 600 crore if we had gone ahead with the car race." The Chief Minister highlighted the Congress government’s commitment to transparency and accountability, challenging the BRS to an open debate in any forum, including the BRS office, on the issue.

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History of this topic

Formula E race case: BRS tense as ACB, ED likely to expedite probe
14 hours, 45 minutes ago

Formula E race case: BRS tense as ACB, ED likely to expedite probe

New Indian Express  

HYDERABAD: Tension seems to be building up in the Bharat Rashtra Samithi circles over the next move of the Anti-Corruption Bureau and Enforcement Directorate in the investigation into the Formula E Race case. Both the agencies have registered cases against BRS working president and former IT minister KT Rama Rao, former IAS officer Arvind Kumar and former Hyderabad Metropolitan Development …

Formula-E race issue: Case registered against BRS leader K.T. Rama Rao
4 days, 1 hour ago

Formula-E race issue: Case registered against BRS leader K.T. Rama Rao

The Hindu  

The Anti-Corruption Bureau on Thursday registered an FIR against BRS working president and MLA K T Rama Rao over alleged irregularities in the conduct of Formula-E race in Hyderabad during the previous regime, official sources said. Telangana Governor Jishnu Dev Varma had recently granted permission to register a case against Rama Rao, over the issue. Rama Rao, who was the …

Case against KT Rama Rao over Rs 45 crore payment linked to 2023 Formula-E race
Trending News
4 days, 14 hours ago

Case against KT Rama Rao over Rs 45 crore payment linked to 2023 Formula-E race

India Today  

The Anti-Corruption Bureau on Thursday filed an FIR against Telangana’s Bharat Rashtra Samithi working president and MLA, KT Rama Rao, over alleged irregularities in hosting the Formula-E race during the previous regime, official sources revealed. KTR has been named the prime accused, with former Municipal Administration and Urban Development Principal Secretary Arvind Kumar and former Hyderabad Metropolitan Development Authority Chief …

Formula E Car Race Scam: CS Writes to ACB Seeking Probe Against KTR
Trending News
5 days, 19 hours ago

Formula E Car Race Scam: CS Writes to ACB Seeking Probe Against KTR

Deccan Chronicle  

Hyderabad: Chief Secretary A. Santhi Kumari on Tuesday wrote to the Director-General, Anti-Corruption Bureau asking him to initiate a probe against BRS working president K.T. Rama Rao in connection with alleged irregularities amounting to Rs.55 crore in the Formula E car race held in Hyderabad during the BRS regime in 2023, official sources said. The development follows the state Cabinet …

Telangana governor clears prosecution against KTR over Formula E funding misuse
6 days, 14 hours ago

Telangana governor clears prosecution against KTR over Formula E funding misuse

India Today  

Telangana Governor Jishnu Dev Varma approved the prosecution of KT Rama Rao, former state minister and Bharat Rashtra Samithi working president, for allegedly misusing Rs 55 crore during the Hyderabad Formula E race. KTR, former Principal Secretary Arvind Kumar, and Hyderabad Metropolitan Development Authority Chief Engineer BLN Reddy are likely to be named in the case. The case involves alleged …

Formula E Race Noose Tightens Around KTR After Governor Gives Nod for ACB Probe
1 week, 2 days ago

Formula E Race Noose Tightens Around KTR After Governor Gives Nod for ACB Probe

Deccan Chronicle  

Hyderabad: Governor Jishnu Dev Varma has reportedly granted permission to the Anti-Corruption Bureau to prosecute BRS working president K.T. Rama Rao, the former municipal administration and urban development minister, in connection with alleged irregularities in the payment of Rs 55 crore for the conduct of a Formula E car race at Hyderabad in February 2023, official sources said here on …

KTR defends payment of Rs 55 cr to FIA
Trending News
1 month, 2 weeks ago

KTR defends payment of Rs 55 cr to FIA

Deccan Chronicle  

Hyderabad: BRS working president K.T. Rama Rao on Thursday defended the payment of Rs 55 crore to FIA for the Formula-E race in the city, which was cancelled by the Congress government. Rama Rao, the former municipal administration and urban development minister, said that he signed a file approving the payment, it was well within his scope. Rama Rao accused …

Why calling off Formula E Grand Prix in Hyderabad is a big jolt to racing in India
11 months, 1 week ago

Why calling off Formula E Grand Prix in Hyderabad is a big jolt to racing in India

India Today  

The new Revanth Reddy government in Telangana has decided against hosting the ABB FIA Formula E World Championship and alleged that the agreement to host it in Hyderabad was a fraud perpetrated on the state. On January 7, Formula E Operations officially announced cancellation of the Hyderabad E Prix of Season 10, which was to kick off on January 13 …

Formula E announces cancellation of E-Prix race in Hyderabad
11 months, 2 weeks ago

Formula E announces cancellation of E-Prix race in Hyderabad

Deccan Chronicle  

Hyderabad: Formula E has announced the cancellation of the Hyderabad E-Prix, alleging a contract breach by the new Telangana government. The cancellation is following the decision of the Telangana Municipal Administration and Urban Development Department, not to fulfill the 'Host City Agreement' signed in October last year. "The cancellation comes following a decision by the Municipal Administration and Urban Development …

Fresh 'Concerns' Emerge Over Formula E Race in Hyderabad After Change of Guard in Telangana
11 months, 3 weeks ago

Fresh 'Concerns' Emerge Over Formula E Race in Hyderabad After Change of Guard in Telangana

News 18  

Formula E has raised fresh concerns over its race in Hyderabad, saying it might not be able to go ahead with the round scheduled for February 10 following the latest communique from the new Telangana government. “Following a recent official communication received from the new Government of Telangana, Formula E is seeking urgent clarification of their contractual commitments under the …

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