Corruption Scandal Unfolds: KTR Faces Telangana ACB in Formula-E Inquiry

BRS leader KT Rama Rao is under investigation by the Telangana Anti-Corruption Bureau for alleged money laundering in connection with the Formula-E race held in Hyderabad. As authorities question him, his colleague Harish Rao has been detained. The findings could impact Hyderabad's reputation as a global hub for sustainable mobility.

In a significant development, Telangana Anti-Corruption Bureau (ACB) is scrutinizing BRS Working President KT Rama Rao for his part in an alleged money laundering scheme associated with Hyderabad's high-profile Formula-E race conducted in February 2023.

As part of the intensified focus on the case, BRS MLA Harish Rao has been detained at his residence, according to a statement from his Public Relations Officer. Meanwhile, KTR has presented himself at the ACB office, following a summons issued on Monday for questioning regarding alleged financial irregularities.

The Enforcement Directorate has also lodged a case under the Prevention of Money Laundering Act, naming KTR as the prime suspect. The complex case alleges unauthorized foreign currency transactions and implicates a senior IAS officer and a retired bureaucrat as accused. The case invokes sections of both the Prevention of Corruption Act and the Indian Penal Code related to breach of trust and conspiracy.