Telangana Governor Clears Probe Against KTR Over Formula E Irregularities

Formula E hyderabad Race Funding Under Scrutiny

A cloud of controversy now hangs over Hyderabad‘s hosting of the Formula E race in 2023. Telangana Governor Jishnu Dev Varma has reportedly given his consent for an investigation into potential financial improprieties surrounding the event. At the heart of the matter are allegations of a sizable sum, amounting to 55 crore rupees, being paid to a foreign company by the Municipal Administration and Urban Development (MA&UD) department.

Allegations Spark Political Debate

The controversy has ignited a political firestorm, with questions raised about the openness of the payment made during the tenure of the previous BRS government. “The Governor has reportedly approved the probe into former MA&UD minister KT Rama Rao, who held the position during the Formula E race,” sources reveal.

Contract Scrutiny and Further Allegations

Further shedding light on the matter, reports suggest that a detailed examination of the contract awarded to the foreign company will be a key component of the investigation.The allegations extend to potential irregularities in the bidding process and the selection of the company involved.

Formula E Controversy: Anti-Corruption Bureau to Probe Hyderabad Race Funding

The Telangana government is facing scrutiny over allegations of financial impropriety surrounding the association of the Formula E race held in Hyderabad last year. Former Municipal Administration and Urban Development (MAUD) minister KT Rama Rao, popularly known as KTR, is at the center of the controversy. The Telangana governor has authorized the Anti-corruption Bureau (ACB) to investigate the matter. The ACB alleges that KTR, while serving as MAUD minister, authorized the transfer of 55 crore rupees to the race organizers, bypassing established procedures. “The governor has given permission for a ACB probe into the alleged irregularities in the allocation of funds for the Formula E race,” a government official confirmed. The investigation will examine the financial dealings related to the Formula E race and determine whether any laws or regulations were violated. I can’t fulfill your request for a rewritten article in WordPress-compatible HTML. I need the actual content of the article you want me to rewrite. You provided instructions and a section heading, but not the article text itself. Please provide the full text of the article you want me to rewrite, and I will be happy to help.

Hyderabad Formula E Race Under Scrutiny: Allegations of Improper Transfers

A cloud of controversy hangs over the high-profile formula E race held in Hyderabad. The Anti-Corruption Bureau (ACB) has launched a formal investigation into the event, prompted by a complaint filed by the Municipal Administration and Urban Development (MAUD) department. The probe centers around the alleged improper transfer of officials, a move that has raised eyebrows and fueled allegations of political interference. Adding fuel to the fire, Arvind kumar, a senior official who held the position of principal secretary at the time, has reportedly admitted that the transfer instructions originated from KTR, the current MLA from Sircilla. While Kumar’s statement offers a glimpse into the chain of events, KTR has vehemently denied any wrongdoing. The MLA, who was instrumental in bringing the Formula E race to Hyderabad, maintains that the event brought significant economic benefits to the city. He has emphasized the potential for important revenue generation, estimating a staggering Rs 750 crore. The ACB investigation is expected to delve into the details of the alleged transfers and determine whether there was any violation of established protocols or abuse of power.The outcome of this investigation could have far-reaching consequences, perhaps impacting the future of major events in Hyderabad and casting a shadow on the city’s reputation.

KTR,a prominent political figure,has declared his unwavering resolve in the face of potential legal action. despite the threat of imprisonment, he remains defiant, stating, “Even the fear of imprisonment won’t stop me. If the government permits the investigation, I am ready to go to jail.I will plan a‘padyatra’ (foot march) while I am behind bars.”

KTR alleges that the current Congress government, headed by Revanth reddy, and the BJP are targeting him. This bold assertion comes amidst rising political tensions.

Financial Transfer Controversy

A recent statement regarding a financial transfer has sparked debate.The individual involved stated firmly that formal approval from the cabinet was unneeded for the transaction. “He maintained that cabinet approval was needless for the financial transfer.” This statement has raised questions about the standard procedures for such financial actions and the level of authority vested in the individual making the claim.

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Hyderabad Formula E Races Face Uncertainty After Promoter Pulls Out

The future of Formula E racing in Hyderabad is hanging in the balance after the local promoter, Ace Nxt Gen Pvt Ltd., withdrew from its commitment to host the event.london-based Formula E organisers (FEO) confirmed that Ace Nxt Gen pulled out of the project citing financial losses. This news comes as a blow to racing fans in India, who eagerly anticipated future installments of the high-octane electric vehicle competition. The setback follows a tripartite agreement signed in 2022 between the Municipal Administration and Urban Development Department (MAUD), FEO, and Ace nxt gen. This agreement aimed to bring seasons nine through twelve of the Formula E championship to the streets of Hyderabad. The ninth season successfully took place in February 2023, but the future of the remaining races now appears uncertain. Despite the withdrawal, there’s a glimmer of hope. FEO has expressed a strong desire to continue organizing Formula E races in Hyderabad. This willingness has reportedly led to a significant financial transaction, with Arvind Kumar allegedly transferring 55 crore rupees, including 9 crore rupees in taxes, to FEO. Sources indicate that this transfer was made following instructions from KTR.

Election Funding Controversy: Allegations of Improper Transfers

A cloud of controversy has emerged surrounding the handling of election funds,with accusations alleging irregularities in the transfer of money to the FEO following the declaration of the Telangana Assembly elections. Specifically, concerns have been raised about the transfer of funds without securing prior permission from the Election Commission. Furthermore, there are allegations that payments were made in pounds sterling without obtaining the necessary clearance from the Reserve Bank of india.

Election Funding Controversy: Allegations of Improper Transfers

A cloud of controversy has emerged surrounding the handling of election funds, with accusations alleging irregularities in the transfer of money to the FEO following the announcement of the Telangana Assembly elections. Specifically, concerns have been raised about the transfer of funds without securing prior permission from the Election Commission. Moreover, there are allegations that payments were made in pounds sterling without obtaining the necessary clearance from the Reserve bank of India.
## Q&A: Formula E Funding Controversy



**Q:** What is the central allegation surrounding the Formula E race funding in hyderabad?



**A:** The core allegation is that **KT Rama Rao (KTR)**, the former MA&UD minister, authorized the transfer of 55 crore rupees to the race organizers without following proper procedures.



**Q:** Who else is reportedly involved in this controversy and what is their role?



**A:**



* **Arvind Kumar**, the former principal secretary at the time, has admitted that the transfer instructions came from KTR.

* **governor Jishnu Dev varma** has given approval for an investigation into the matter.

* **Revanth reddy**, the current chief minister, is accused by KTR of politically targeting him.



**Q:** What are the opposing viewpoints in this situation?





**A:** KTR maintains that the Formula E race brought significant economic benefits to Hyderabad and denies any wrongdoing. He claims the investigation is politically motivated. Arvind Kumar has admitted the transfer instructions came from KTR. The ACB is investigating potential violations of established financial protocols.