KTR Faces Legal Action Over Formula E Funding Misuse

Telangana Governor Jishnu Dev Varma approved the prosecution of KTR over alleged misuse of Rs 55 crore during the Hyderabad Formula E race. The state cabinet has directed the Anti-Corruption Bureau (ACB) to investigate the case under the Prevention of Corruption Act. KTR, former officials Arvind Kumar and BLN Reddy, are likely to be named in the First Information Report (FIR).