Recently, the Telangana High Court has given some good news to KTR (KT Rama Rao), a leader of the BRS party. The court has told the Anti-Corruption Bureau (ACB) not to arrest him until December 30 in a case related to the Formula-E race in Hyderabad.
While listening to KTR’s request to drop the case against him, Judge Shravan Kumar Venkat of the High Court said KTR needs to help with the investigation. The case will be looked into again next week. The court also asked the government to respond to KTR’s claims.
The ACB filed a case against KTR after the governor allowed it, claiming he made some money transfers (some in foreign currency) without proper approval to host the Formula-E race while in office. KTR is named as the main person in this case, with two others, senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy, also being accused.
KTR defended himself by saying, “We paid Rs 55 crore for this, and Formula-E accepted the payment. This is all clear and accounted for.” Earlier this year, the government wanted to know why Arvind Kumar signed a deal about the race without proper approval and how Rs 55 crore was paid.
Also, there was a problem when Formula-E announced that it was canceling the Hyderabad race, saying the new Telangana government broke the contract. This race was supposed to happen on February 10
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