Telangana governor clears prosecution against KTR over Formula E funding misuse
India TodayTelangana 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 financial irregularities during the second Formula E racing event held under the previous BRS government. The 2024 race was cancelled, allegedly due to a breach of contract by Telangana's Municipal Administration and Urban Development Department after the new government, led by Congress, did not fulfil the Host City Agreement signed in October 2023.