Archive · 31 Jul 2026
KTR Appears in Court Over Formula E Fund Transfer Allegations
A big political figure named K.T. Rama Rao went to court in Hyderabad.
He is being investigated for a money problem that happened during a big electric car race.
The case says that a lot of money, about ₹55 crore, was moved from a city fund to a company in London without the government saying it was okay.
KTR and a few other people are accused of helping this move.
No one has been arrested yet, but everyone named in the case has to show up in court for the trial.
The court wants all the accused to be there on the first day of hearings.
This is a serious legal matter that could affect the people involved.
The case is still being worked out by the court.
Everyone is waiting to see what will happen next.
BRS Working President K.T. Rama Rao appeared before Nampally ACB Special Court on Friday for the Formula E race case.
The case alleges ₹55 crore was transferred from Hyderabad Metropolitan Development Authority accounts to a London‑based Formula E Operations entity without cabinet approval.
The ACB charges KTR and others, including former special chief secretary Arvind Kumar and former HMDA Chief Engineer BLN Reddy, with facilitating the diversion of funds.
No arrests have been made; all accused are required to appear in court for formal trial proceedings.
The court ordered the physical presence of all accused named in the chargesheet on the first day of hearings.
- Who
- K.T. Rama Rao, Arvind Kumar, BLN Reddy, Anti‑Corruption Bureau
- What
- Court appearance in the Formula E race fund transfer case
- When
- Friday, 2026
- Where
- Nampally ACB Special Court, Hyderabad
- Why
- Alleged illegal transfer of ₹55 crore from HMDA to Formula E Operations without cabinet approval
- Accused
- K.T. Rama Rao, Arvind Kumar, BLN Reddy
- Court
- Nampally ACB Special Court
- Case
- Formula E race fund transfer
- Alleged amount
- ₹55 crore
- Date of summons
- May 14, 2026
