to Formula E Operations with no formal approvals taken from regulatory authorities. KTR's defence is that there is no question of embezzlement of funds, when the fact that funds were transferred ...

The probe against 48-year-old Rao, popular as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad ...

in relation to the investigation into the Formula E race case on charges of transferring Rs 45 crore without approval. Rama Rao had filed the petition before the High Court in January that the ACB ...

Let me reiterate, Formula E wasn't just a race ... In a statement on Friday, KTR said, "I am glad that the investment is through now due to relaxed rules against Chinese investments by the ...

He questioned the benefits of such events and condemned the cancellation of a Rs 46 crore Formula-E event, citing substantial investment losses. KTR also raised concerns about access to Dr BR ...