ED Investigation On Formula E Scam: What’s next?

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The former IT minister of Telangana KTR is named in the ED investigation regarding the Formula E case. Now, KTR himself has shared a public message in this regard as he claimed innocence on the matter.

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 stated.

About the cases that are filed against him, KTR noted “no amount of frivolous cases, cheap mudslinging, or political witch-hunting can erase that sense of accomplishment

Setting the record straight: Rs 46 crore was paid to Formula E Operations Limited (FEO) through a transparent bank-to-bank transaction. 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, 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, he concluded

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