Breaking: 4 Non-bailable Sections Against KTR In Formula E Scandal

The Congress government in Telangana led by chief Minister Revanth Reddy is going particularly hard on the Formula E scandal that allegedly involves former IT minister and incumbent BRS working president KTR.

In a breaking development, it is being established that the Anti Corruption Bureau (ACB) has officially registered the case on the Formula E scandal.

KTR is the main accused in the case as he was named A1, followed by IAS officer Aravind Kumar as A2, and one BLN Reddy as A3.

The ACB registered a case against KTR for alleged misuse of government funds under Sections 13(1)(A) and 13(2) of the Prevention of Corruption Act, along with Sections 409 and 120(B) of the IPC. All four of these sections are non-bailable, indicating the investigative agency is bound to lock up KTR in a legal mess.

It is alleged that ₹45 crore was paid by HMDA to the foreign company FEO in violation of RBI guidelines. It is further alleged that KTR verbally consented this transaction which shows him at fault in this matter.

KTR is accused of directing the illicit transaction, while IAS officer Arvind Kumar and EX HMDA Chief Engineer BLN Reddy are also implicated. Allegedly, this transaction was carried out without the approval of the cabinet or the Finance Department back when it happened.

There have been multiple media reports that KTR could very well get jailed in this case. In response, KTR said he is ready to go to jail if Revanth Reddy wants to wrongly accuse him of a crime he didn’t commit.