Arrest Sword Hangs On Andhra Ex-Deputy CM KTR, Raj Bhavan Likely To Approve Prosecution In Formula E Race Scam

The Telangana Anti-Corruption Bureau (ACB) currently investigates misappropriation of Rs 55 crore in organising a Formula E race which was held in Hyderabad last year during the BRS regime.

The Formula E race, which was celebrated as a landmark event showcasing Hyderabad on the global stage, has come under scrutiny for financial irregularities.

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In a massive development just hours after the release of actor Allu Arjun in bail in connection with the Pushpa 2 stampede case in Hyderabad, sources close to Telangana Governor Jishnu Dev Varma have revealed that the Raj Bhavan has approved the prosecution of BRS Working President and former Minister KT Rama Rao (KTR) in connection with the Formula E Race scam.

The Telangana Anti-Corruption Bureau (ACB) currently investigates misappropriation of Rs 55 crore in organising a Formula E race which was held in Hyderabad last year during the BRS regime.

The Formula E race, which was celebrated as a landmark event showcasing Hyderabad on the global stage, has come under scrutiny for financial irregularities. The ACB alleges that funds allocated for the event were misused, leading to a significant loss to the state exchequer.