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3w ago

K T Rama Rao Questioned Eight Hours by ACB in Formula E Probe

He must hand over phone records to the ACB by June 18 in the ongoing Formula E funding investigation.

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The ACB had registered a case against KTR over alleged payments, most of them in foreign currency, without approvals.
Got nothing to be ashamed of: KTR after 8-hour questioning in Formula E case
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Overview

  • On June 16, BRS working president K T Rama Rao appeared before the Telangana ACB for eight hours of questioning over alleged ₹54 crore irregularities in the February 2023 Formula E race deal.
  • The bureau accused him of approving payments, predominantly in foreign currency, without required approvals and has directed him to submit all phones used during the event’s organization.
  • Rama Rao denied any wrongdoing, asserting the funding was a policy decision to boost Hyderabad’s brand image and branding the inquiry as political harassment.
  • Congress figures, led by MP Chamala Kiran Reddy, countered that Rama Rao is using theatrics to dodge genuine corruption allegations and challenged his victimhood narrative.
  • The ACB signaled that Rama Rao may be summoned again for further questioning once investigators review his testimony and phone records.