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ACB Court Summons K. T. Rama Rao for July 31 in Hyderabad Formula E Funds Case

The step follows a chargesheet that alleges Rs 54.88 crore in public money was sent to a foreign contractor without mandatory approvals.

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Overview

  • The ACB special court, which issued the summons Thursday, set July 31 for the first appearance by K. T. Rama Rao and other accused.
  • The case centers on claims that the Hyderabad Metropolitan Development Authority transferred about Rs 54.88 crore to Formula E Operations without Cabinet approval and other required clearances.
  • Investigators say they examined decisions tied to the February 2023 race that were taken after the election model code of conduct began, including fund releases to the event operator.
  • The bureau filed its chargesheet on March 23, 2026 after an FIR in 2024, and the court has now taken cognisance and moved the case to the next stage.
  • The chargesheet names Rama Rao as Accused No. 1 along with IAS officer Arvind Kumar, former HMDA engineer B. L. N. Reddy, consultant Kiran Malleswar Rao, and Formula E Operations, and state officials note they obtained required sanctions from the Governor and the Union DoPT to prosecute.