Tue Jan 07 05:40:00 UTC 2025: **Telangana Government Reveals Details in Formula E Race Case, KTR Faces ACB Scrutiny**

Hyderabad, India – The Telangana government has released key details in an ongoing investigation into the Formula E race held in Hyderabad. The government alleges that Greenko, the company that organized the race, channeled ₹41 crore (approximately $5 million USD) to the Bharat Rashtra Samithi (BRS) party through electoral bonds. These bonds, totaling 26 transactions, were purchased between April 8th and October 10th, 2022.

This revelation comes as the Anti-Corruption Bureau (ACB) issued a notice to K.T. Rama Rao (KTR), working president of the BRS, for questioning. KTR appeared for questioning but left after police reportedly refused entry to his lawyer. The ACB is reportedly considering issuing another notice to KTR. The investigation continues.

Read More