Formula E Scam: KTR Faces ACB Probe Over ₹55 Crore Fund Irregularities
Hyderabad: The Anti-Corruption Bureau (ACB) has registered a case against BRS leader and former minister K.T. Rama Rao in connection with alleged irregularities during the Formula E race held in Hyderabad in February 2023.
Click Here To Join Us On WhatsApp
This follows the ACB seeking Telangana Governor Jishnu Dev Varma’s nod to investigate K.T. Rama Rao for allegedly directing Rs 55 crore to race organizers through verbal orders, bypassing procedures. The Governor approved the request on 13 December, allowing the ACB to proceed with the investigation.
The ACB inquiry stems from a complaint filed by the Municipal Administration and Urban Development (MAUD) department, which accused K.T Rama Rao and other officials of financial impropriety. Former MAUD secretary Arvind Kumar admitted to transferring the funds on Rao’s directives, and as is learned was to promote Hyderabad’s global image.
More Stories :
Mamata Banerjee And Suvendu Contest Babanipur Again
![Mamata Banerjee And Suvendu Contest Babanipur Again]()
Mamata Banerjee and Suvendu Adhikari to contest again from Babanipur seat as West Bengal Assembly elections promise a high-stakes political battle.
Mojtaba Khamenei Revenge No Ceasefire Stance Clear
![Mojtaba Khamenei Revenge No Ceasefire Stance Clear]()
Mojtaba Khamenei rejects ceasefire proposals and stresses revenge against the US and Israel, signaling continued tensions and ongoing conflict.
No Oil, No Problem: Synthetic Petrol From Air And Water
![No Oil, No Problem: Synthetic Petrol From Air And Water]()
Beijing/Internet/Hyderabad, Mar 19 (Maxim News) After the start of the war against Iran, the world is facing an oil crisis. Countries like China are making intensive efforts to find alternatives to traditional fossil fuels. In this context, a Shanghai-based startup company called ‘Carbonology’ has announced that it has found a low-cost method to produce ‘synthetic…
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News update
