The Hindu (National) ·
KTR, three others to appear before ACB court in Formula E case
K.T. Rama Rao and three others to appear in ACB court over alleged irregularities in the Formula E race case.
Bharat Rashtra Samithi working president and Sircilla MLA K.T. Rama Rao and three other accused in the Formula E race case are scheduled to appear before the ACB court at the CBI complex in Nampally at 10.30 a.m. on Friday, September 18.
Apart from Mr. Rama Rao, who is named accused number one (A1), IAS officer Arvind Kumar (A2), former HMDA chief engineer B.L.N. Reddy (A3) and former sports consultant Goveda Kiran Malleswara Rao (A4) are expected to attend the proceedings.
The ACB filed its chargesheet in the case in March, alleging irregularities in the transfer of around ₹55 crore from HMDA accounts to Formula E Operations (FEO) in 2023 for the proposed Formula E race in Hyderabad. The agency has alleged that the payments were made without mandatory approvals and in violation of established financial procedures.
