ACB Files Chargesheet in Formula E Case; KTR Named A1 Over ₹55 Crore Irregularities
According to the ACB's findings detailed in the chargesheet, ₹55 crore was illegally diverted to the foreign entity in strict violation of established rules and procedures.
By : PTI
Update: 2026-03-23 18:13 GMT
Hyderabad: The Telangana Anti-Corruption Bureau on Monday filed a charge sheet in a court here in the Formula E race case in which BRS Working President K T Rama Rao is the prime accused.The charge sheet also names senior IAS officer Arvind Kumar, former Hyderabad Metropolitan Development Authority chief engineer B L N Reddy, and two others.
The probe pertains to alleged irregularities in payments of around Rs 55 crore, mostly in foreign currency, in violation of laid-down procedures during the previous BRS government for the Formula E race planned for 2024.
The race was held in Hyderabad in February 2023, while the second edition, scheduled for 2024, was cancelled after the Congress government assumed office in December 2023.
In December 2024, the ACB registered a case against Rama Rao, Kumar, and Reddy under provisions of the Prevention of Corruption Act and the Indian Penal Code, including criminal misappropriation, breach of trust, and conspiracy.
The then governor Jishnu Dev Varma had granted sanction for the prosecution of Rama Rao in November last year, while the Centre cleared the prosecution of Arvind Kumar last month.
Rama Rao has denied the allegations, saying the decision to transfer funds to the race organisers was taken to promote Hyderabad's image and there was no corruption involved.