Former IT Minister and Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao appeared before the Telangana Anti-Corruption Bureau (ACB) on January 9, 2025, in connection with alleged financial irregularities surrounding the Formula E Race deal. Arriving at the ACB headquarters in Banjara Hills, Hyderabad, with his lawyer and personal assistant, Mr. Rao addressed the media, asserting his commitment to transparency. He claimed his efforts to promote Hyderabad’s global image as a hub for sustainable mobility were being misinterpreted for political narratives. Heavy police presence was deployed at the site to manage the situation.

The case revolves around payments exceeding ₹54.88 crore made by the Hyderabad Metropolitan Development Authority (HMDA) to Formula-E Operations Limited (FEO) and associated entities without adhering to financial protocols. Allegations suggest ₹45.7 crore was transferred to FEO even after the company terminated its agreement with the Telangana government in late 2023. The payments, which incurred an additional ₹8.06 crore tax burden, have raised questions about procedural lapses and financial liability assumed by the government without necessary approvals. The ACB’s inquiry follows a complaint by principal secretary M. Dana Kishore, with the Enforcement Directorate (ED) also probing fund flows related to the deal.

This is Mr. Rama Rao’s second attempt to appear for questioning, following an earlier visit where his lawyer was denied access. The Telangana High Court recently granted permission for his advocate to observe the interrogation through a glass window, ensuring transparency. As the investigations deepen, Mr. Rao continues to defend his actions, emphasizing his dedication to Hyderabad’s development and branding as a global city, while denying any involvement in financial mismanagement.