**KTR Faces ACB Inquiry Over Hyderabad Formula E Race Allegations**
**Meta Description:** KTR appears before the ACB for questioning related to alleged financial irregularities in the Hyderabad Formula E race, asserting his innocence amid political attacks.
**URL Slug:** ktr-acb-inquiry-hyderabad-formula-e-race
**KTR Faces ACB Inquiry Over Hyderabad Formula E Race Allegations**
Bharat Rashtra Samithi (BRS) working president K Taraka Rama Rao (KTR) appeared before the Telangana Anti-Corruption Bureau (ACB) on Monday for questioning regarding alleged financial irregularities associated with the Hyderabad Formula E race. This inquiry comes amid accusations of misuse of funds amounting to Rs 44–55 crore during the BRS administration.
Before his appearance, KTR addressed the media at Telangana Bhavan, where he launched a strong critique of the Congress government and Chief Minister Revanth Reddy. “I know they will arrest me and send me to jail. Jail is nothing new to me. I have been imprisoned multiple times for the cause of Telangana,” KTR stated, emphasizing that he would not be intimidated by what he termed politically motivated investigations.
The ACB is investigating claims that the Hyderabad Metropolitan Development Authority (HMDA) improperly transferred funds to London-based Formula E Operations (FEO) without adhering to due process, even while the Model Code of Conduct was in effect. KTR, who previously served as the Minister for Municipal Administration and Urban Development, is accused of directing officials to ensure that HMDA covered the costs for a second edition of the event that ultimately did not occur.
KTR has denied any wrongdoing, asserting that the funds are “very much in the account of FE” and labeling the investigation as a “circus” intended to distract the public. “As a law-abiding citizen, I will attend and fully cooperate with the ACB officials,” he affirmed. “We respect the law. I will attend the inquiry even if they call me 30 times.”
Accusing the Congress government of engaging in vendetta politics, KTR remarked, “When you cannot run a government, keep people busy with a circus and distractions! The antics of Congress and its clown CM will not deter us.” He challenged Reddy to participate in a televised lie detector test alongside him, inviting the public to determine who is truly at fault. “Do you have the courage to take the test with me?” he asked.
KTR reiterated his call for an open debate in the Assembly regarding the spending on the Formula E race, stating, “This issue should not be confined to a closed-door inquiry. I had openly demanded a debate in the Assembly before four crore people. Revanth Reddy ran away because he lacked the courage to face that debate.”
He further criticized the chief minister for bringing shame to the state, referencing past controversies involving Reddy. “This is the same Revanth Reddy who disgraced the state by organizing a beauty pageant. These cases against me are merely for sadistic pleasure,” KTR claimed.
In addition to the allegations surrounding the Formula E race, KTR criticized the Congress government’s overall performance, suggesting it has “nothing to boast about” since taking office. He likened the situation to claiming “the bull gave birth” while the BJP demands to tie the calf. KTR also expressed concern over the rushed local body elections, highlighting the failure to provide 42 percent reservation for Backward Classes (BCs).
**FAQ**
**What are the allegations against KTR regarding the Formula E race?**
KTR is accused of directing the HMDA to improperly transfer funds to Formula E Operations without following due process, amid claims of financial irregularities during the organization of the race in Hyderabad.
