SaralnamaThe Telangana Anti-Corruption Bureau (ACB) found quid pro quo dealings in the Formula E Race case. ACB's nine-month probe revealed Hyderabad Metropolitan Development Authority lost ₹75.88 crore, while Formula-E Operations gained ₹46 crore. BRS allegedly received ₹44 crore in electoral bonds. ACB seeks approval to prosecute former minister KT Rama Rao and others. KTR approved HMDA as promoter, diverting ₹54.88 crore without finance department clearance. A new deal in cost the government ₹90 crore more. KTR denies wrongdoing, calling the case fabricated. He challenges for a lie detector test. The case moves to Vigilance Commission next. (Updated 10 Sep 2025, 16:00 IST; source: link)
Key Points
- The Telangana Anti- Corruption Bureau (ACB) found quid pro quo dealings in the Formula E Race case
- ACB's nine-month probe revealed Hyderabad Metropolitan Development Authority lost ₹75.88 crore, while Formula-E Operations gained ₹46 crore
- BRS allegedly received ₹44 crore in electoral bonds