KTR and three others to face ACB court in Formula E case

K. Taraka Rama Rao (KTR), the former Minister for Industries and IT in Telangana, along with three other individuals, is set to appear before the Anti-Corruption Bureau (ACB) court as part of an ongoing investigation into the Formula E case.

The case stems from allegations concerning the handling of funds and procedural irregularities related to the Formula E World Championship event that was held in Hyderabad. The ACB had registered cases following complaints about potential financial misconduct in the organisation and execution of the high-profile motorsports event.

The appearance before the ACB court marks a significant development in the investigation that began after the change of government in Telangana. The new administration had initiated a review of various projects and events from the previous regime, leading to the scrutiny of the Formula E event's financial management and administrative processes.

The Formula E race, held in February 2023, was a landmark event for Hyderabad, but subsequent investigations raised questions about transparency and proper procedures in its implementation. The case has drawn considerable attention given the stature of those involved and the high-profile nature of the sporting event.

The proceedings before the ACB court are expected to examine the detailed accounts and administrative decisions related to the Formula E event's organisation and funding mechanisms.