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KTR Appears in Court Over Formula E Funds Case

KTR Appears in Court Over Formula E Funds Case
KTR Appears in ACB Court in Formula E Case; Hearing Adjourned to August 25 · deccanchronicle.com

K. T. Rama Rao, a political leader, went to a special court in Hyderabad to talk about a big money problem.

The court said that about 55 crore rupees were spent on a car race called Formula E, but the money was taken from a government fund without proper paperwork.

Three people, including KTR, were accused.

They gave a small amount of money as a guarantee.

The court will meet again on August 25 to decide what happens next.

Key facts

Accused
K. T. Rama Rao, Arvind Kumar, B.L.N. Reddy
Alleged amount
₹55 crore
Court
Nampally Special ACB Court
Next hearing
25 August 2024
Surety
₹1 lakh each

Sources

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