KTR popular as Ramanna is ready for any kind of probe against him on the allegations being levelled by the Congress Government. He is ready to go to the jail and spend the time doing Yoga.
There are rumours that he would be arrested by this end. But that may not happen.
The Enforcement Directorate (ED) has summoned BRS leader and former Telangana minister KT Rama Rao regarding alleged financial irregularities linked to the Formula E race held in Hyderabad in February 2023. Senior IAS officer Arvind Kumar and former Hyderabad Metropolitan Development Authority (HMDA) chief engineer BLN Reddy have also been summoned in the same case.
KTR was summoned on January 7, while Mr Kumar and Mr Reddy were scheduled to question on January 2 and 3, respectively. The probe is being conducted following an FIR lodged by the Telangana Anti-Corruption Bureau (ACB).
The allegations centre on unauthorised financial transfers totalling Rs 55 crore from the HMDA to Formula E Operations Limited (FEO).
Investigators allege that the funds were transferred without mandatory government approvals, despite the state’s original agreement limiting its role to providing infrastructure and civic amenities for the event.
