https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

ED Summons Senior IAS Officer Arvind Kumar & BRS Leader K.T. Rama Rao in Formula E Race Financial Irregularities Case

The investigation stems from an FIR filed by the Anti-Corruption Bureau (ACB) on December 19, 2024, based on a complaint by Principal Secretary Mr. M. Dana Kishore
Enforcement Directorate (Resized)
Indian Masterminds Stories

The Enforcement Directorate (ED) has summoned Special Chief Secretary Mr. Arvind Kumar (1991-batch IAS officer) and former Chief Engineer (CE) of the Hyderabad Metropolitan Development Authority (HMDA), Mr. BLN Reddy, to appear on January 8 and 9, respectively. The two officials had earlier sought 2-3 weeks after being initially asked to appear on January 2 and 3.

“They have now been asked to appear on 8 and 9 January, respectively,” a senior official confirmed. The summons are in connection with alleged financial irregularities during the Hyderabad Formula E race in February 2023.

Additionally, Bharat Rashtra Samithi (BRS) working president and former IT minister Mr. K.T. Rama Rao has been summoned by the ED and is scheduled to appear on January 7.

The investigation stems from an FIR filed by the Anti-Corruption Bureau (ACB) on December 19, 2024, based on a complaint by Principal Secretary Mr. M. Dana Kishore (1996-batch IAS officer). The FIR alleges financial irregularities exceeding Rs. 54.88 crore in payments made by HMDA to Formula-E Operations Limited (FEO) and associated entities without following established financial protocols.

Between September and October 2023, Rs. 45.7 crore was reportedly transferred to FEO despite terminating its agreement with the Telangana government during the same period. This amount incurred an additional tax liability of Rs. 8.06 crore, borne by HMDA.

The FIR further highlights disputes between FEO and event sponsor Ace Nxt Gen Pvt. Ltd., which allegedly led the Telangana government to assume financial liability without proper regulatory approvals, causing losses to the exchequer.

The ED’s investigation into fund flows and procedural violations has heightened public scrutiny, particularly with the involvement of senior officials and political leaders.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IRS Gangadhar Panda
Gangadhar Panda Appointed as Principal CIT (OSD) in Principal CCIT Office, Delhi- Know more about him
NHPCMoU
NHPC Signs MoU with RVUNL to Develop 2,000 MW Pumped Storage and Renewable Energy Projects in Rajasthan
Ministry of Coal (resized)
Centre Signs Agreements with key Players to Accelerate Coal Gasification Projects
Indian Army Chief
Rule 33 Invoked: Centre Grants Army Chief Sweeping Powers to Mobilise 14 Territorial Army Battalions Amid Border Escalation
India logo
Amid Rising Tensions on Western Borders, Centre Appoints Senior Officers as Mentors in J&K Border Districts
India at UN Forest
India Leads the Way with Groundbreaking Forest Initiatives at UN Forum, Unveils International Big Cat Alliance
Defence Ministry
Govt Bans Live Coverage of Defence Ops to Safeguard National Security – Key Do’s and Don’ts Explained
accounting-fraud_505_022612034947
Maharashtra: Retired IPS Officer Duped of ₹50 Lakh in Dubai Investment Scam; Main Accused a Repeat Offender
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Sandeep Tamgadge
IPS Sandeep Tamgadge’s Two Decades of Service in Nagaland
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
ADVERTISEMENT
UPSC Stories
iqbal-ahmad-upsc-2024
From Cycle Repair Shop to UPSC Rank 998: UP's Iqabal Ahmad’s Inspiring Journey Against All Odds
Iqbal Ahmad, son of a handyman from Sant Kabir Nagar, secured 998th rank in UPSC 2024, fulfilling his...
IPS Sandeep Tamgadge
IPS Sandeep Tamgadge’s Two Decades of Service in Nagaland
For over 20 years, IPS officer Sandeep Tamgadge has served Nagaland, navigating its unique cultural landscape...
Shubham Kaurav UPSC
Four Attempts, One Dream: How Shubham Kaurav Cracked UPSC CSE with AIR 291
With determination, self-study, and a strategic mindset, Gwalior’s Shubham Kaurav turned years of hard...
Social Media
Fakenews
Be Aware: Fake Videos and Propaganda Cloud Public Discourse After India’s Cross-Border Strike
In the aftermath of Operation Sindoor, numerous false and doctored videos claiming to show the strikes...
Indore Road Safety Campaign by Air Hostesses
The Cleanest of India, Indore, Launches Inclusive Road Safety Campaign Featuring Air Hostesses - Know More!
In a unique civic initiative, Indore Traffic Police deployed air hostesses using sign language at key...
Shakti Dubey AIR 1
UPSC Rank 1 Shakti Dubey's Success Sparks Debate on Civil Services Examination System, Ex-IPS Officer Raises Questions
Shakti Dubey’s UPSC Rank 1 success has sparked debate after ex-IPS officer Yashovardhan Azad questioned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IRS Gangadhar Panda
Gangadhar Panda Appointed as Principal CIT (OSD) in Principal CCIT Office, Delhi- Know more about him
WhatsApp Image 2025-05-09 at 16.11
Operation Sindoor: India's Precision Strike Echoes the Spirit of Uri and Balakot
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Sandeep Tamgadge
IMG-20250429-WA0019
Aakash Garg
ADVERTISEMENT
ADVERTISEMENT