PM [1]
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KT Rama Rao will not be arrested till a decision is taken on his petition, the Telangana High Court said today, providing the former state minister some relief in the in alleged Formula E racing case. The arguments were completed on Mr Rao's petition to cancel the case against him today, and the court suspended the decision.
A corruption case has been lodged against the leader of the Bharat Rashtra Samithi in connection with alleged irregularities in the Formula E car race in Hyderabad. He has been accused of misusing government funds and his authority as the Municipal Administration and Urban Development minister.
The Anti-Corruption Bureau, which filed the case, alleged that Rs 55 crore was paid to the Formula E organisers by the state government on the verbal orders of Mr Rao. This was done without any cabinet clearance and was in violation of the Reserve Bank of India guidelines.
The RBI imposed a fine of Rs 8 crore on the then Telangana government for unauthorized transactions, which was later paid by the Congress government after coming to power.