Formula E Case @ ED: KTR Finally Reacts

The former IT minister of Telangana KTR has been finding himself in the middle of a legal mess regarding the Formula E case that was levelled against him. The case is currently under investigation stage at both ACB and ED agencies.

Ahead of the ED investigation on KTR later in the day today, the BRS working president has issued a public statement as he reciprocated on the allegations that are levelled against him.

KTR gave the implication that he is not bothered about the legal mess that is being created as he claimed that he has nothing to do with any sort of corruption whatsoever.

“Hosting Formula E in India/Telangana/Hyderabad remains one of my most cherished decisions as a Minister. The pride I felt, witnessing international racers & E-Mobility industry leaders praise our city, is memorable” KTR commented

Setting the record straight: Rs 46 crore was paid to Formula E Operations Limited (FEO) through a transparent bank-to-bank transaction. KTR notes that not a single rupee was misappropriated & every rupee is accounted for Where is the alleged corruption, misappropriation, money laundering?

If anything, the shortsightedness of CM Revanth Reddy & his thoughtless, unilateral decision to cancel the second year of the event that has caused a loss to the exchequer Even though there is No wrongdoing, driven by malice and political vendetta, he added

KTR stated “Congress Govt is hell-bent on dragging these well-documented events through the courts and investigating agencies I am confident that the truth will soon be revealed for all to see, including the honourable courts Until then, we'll continue to fight for justice.”