Corruption Case Filed Against KTR Over Hyderabad Formula E Race Issue

It has been alleged that Rs 45 crore was paid by HMDA to the foreign company FEO in violation of the guidelines of the Reserve Bank of India.

A corruption case has been lodged against former Telangana minister KT Rama Rao Rao  in connection with alleged irregularities in the Formula E car race in Hyderabad.  He has been accused of misuse of government funds under various sections of the Prevention of Corruption Act and the IPC. The cabinet clearance for the case came on Monday.

It has been alleged that Rs 45 crore was paid by HMDA to the foreign company FEO in violation of the guidelines of the Reserve Bank of India.

The payments were reportedly made without obtaining approvals from the state cabinet or the Finance Department.