Telangana Governor Jishnu Dev Varma has approved the prosecution of former minister and BRS working president K.T. Rama Rao (KTR) in the Formula E race funds misuse case. The approval comes nearly two months after the state government forwarded the file seeking sanction to proceed against him in the alleged misappropriation of ₹54.88 crore of public funds.
With this nod, the Anti-Corruption Bureau (ACB) is now set to file a charge sheet in the case. Earlier in September, the ACB submitted a detailed report to the government and sought permission to prosecute KTR, senior IAS officer Arvind Kumar, and others involved.
However, action against Arvind Kumar requires clearance from the Department of Personnel and Training (DoPT) at the central level. It remains to be seen whether the ACB will wait for DoPT’s approval to file a comprehensive charge sheet or proceed with an initial charge sheet naming KTR alone.
The ACB has been probing alleged irregularities in the conduct of the Formula E race in Hyderabad during the previous BRS regime for nearly nine months. Investigators claim KTR received ₹44 crore through an electoral bond from a sponsoring company as a quid pro quo for granting event rights.
A case was officially registered after the Governor’s earlier approval for investigation, based on a complaint from MA&UD Principal Secretary M. Dana Kishore. The complaint stated that unauthorized foreign remittances led to an additional ₹8.06 crore tax burden on the HMDA, and that payments were made during the election Model Code of Conduct without Election Commission approval.
The FIR includes charges under the Prevention of Corruption Act, along with IPC Sections 409 (criminal breach of trust) and 120B (criminal conspiracy). The ACB questioned KTR, Arvind Kumar, and B.L.N. Reddy multiple times as part of the inquiry.
KTR, who has appeared before the ACB four times, has dismissed the case as “bogus.” He acknowledged directing the release of ₹46 crore but maintained that all funds were deposited into official accounts with complete transparency.
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