KTR, three others to appear before ACB court in Formula E case

You don’t have any Active Subscription.

Account subscription benefits alongside Premium Stories, Editorials, Opinions and more. Unlock these with Subscription

Bharat Rashtra Samithi working president and Sircilla MLA K.T. Rama Rao and three other accused in the Formula E race case are scheduled to appear before the ACB court at the CBI complex in Nampally at 10.30 a.m. on Friday, September 18.

Apart from Mr. Rama Rao, who is named accused number one (A1), IAS officer Arvind Kumar (A2), former HMDA chief engineer B.L.N. Reddy (A3) and former sports consultant Goveda Kiran Malleswara Rao (A4) are expected to attend the proceedings.

The ACB filed its chargesheet in the case in March, alleging irregularities in the transfer of around ₹55 crore from HMDA accounts to Formula E Operations (FEO) in 2023 for the proposed Formula E race in Hyderabad. The agency has alleged that the payments were made without mandatory approvals and in violation of established financial procedures.

The ACB court subsequently took cognisance of the chargesheet and summoned the accused.

The case stems from arrangements for the Formula E championship in Hyderabad. A Formula E race was held in the city in February 2023, while the investigation concerns payments connected with plans to conduct a subsequent edition.

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.