10 November 2026
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
Join our WhatsApp Channel
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
cm dhami
Uttarakhand CM Dhami Writes to PM Modi, Highlights Development and Public Welfare Initiatives
Idashisha Nongrang Meghalaya DGP
Who Is Idashisha Nongrang? Meghalaya’s First Woman DGP Nears End of Tenure Amid Succession Delay
Gaurav Yadav IPS
Punjab DGP Flags Online Recruitment of Youth by Pakistan-Based Operatives; Highlights Yuva Sanjh Initiative
Godda Homeopathic Medical College
Godda Homeopathic Medical College to Get ₹2.70 Crore Infrastructure Upgrade; E-Tendering Underway
India COP31 Climate Finance Obligations
India Presses Developed Nations to Honour Paris Agreement Climate Finance Obligations at COP31
Bihar Chhath Puja Safety Arrangements 2026
Bihar Directs All Districts to Strengthen Chhath Safety Arrangements, Bans Private Boats
Mohan Yadav Meets Syedna Mufaddal Saifuddin Feature
MP CM Mohan Yadav Meets Bohra Spiritual Leader Syedna Mufaddal Saifuddin in Ujjain
Global Convention on Transforming Bihar 2027
Global Convention on Transforming Bihar 2027: 1,500 Experts Expected For International Conference
ADVERTISEMENT
ADVERTISEMENT
Videos
Five years after Kargil, India sent its cricketing heroes to Pakistan where terrorism posed a deadly threat. The man guarding them, former Special Director of Intelligence Bureau, Mr. Yashovardhan Azad, reveals what all went behind the scenes during that crucial tour. 
Trust No One, Said His Instinct in Pakistan
Gajendra Singh Shekhawat
How India Plans to Boost Tourism, Create Jobs and Ease Overcrowding : Gajendra Singh Shekhawat on the Road to 2047
Dr Saket Badola IFS
Beyond Tigers and Safaris: How Corbett Literature Festival Wants to Change the Conservation Conversation
ADVERTISEMENT
UPSC Stories
Aniket Sagar ICoAS
No Coaching, Full-Time Job and Two Attempts: How Aniket Sagar Cleared ICoAS
Aniket Sagar, a chartered accountant from Bundelkhand, cleared UPSC ICoAS 2025 after working at PwC,...
IDAS Himanshu Tembhekar
Should UPSC Aspirants Give Up Their Hobbies? IDAS Officer Himanshu Tembhekar Explains
Should UPSC aspirants give up their hobbies? IDAS officer Himanshu Tembhekar explains how hobbies help...
UPSC Story
He Taught Students to Meet Expenses. Today, Sachin Bhadouria is a Scientist ‘B’ at CWPRS
Sachin Bhadouria overcame financial challenges and a Hindi-medium background to secure AIR 2 in a UPSC...
CSR NEWS
NCL CSR Blood Bank Project
NCL Signs ₹1.16 Crore CSR MoU to Establish Blood Bank at District Hospital in Singrauli
The project will fund essential medical equipment, furniture and renovation of the existing building...
REC Foundation Solar Street Light
REC Foundation to Install 350 Solar Street Lights Across Six Districts of West Bengal to Improve Rural Safety 
The CSR initiative, undertaken in partnership with Y4D Foundation, aims to improve night-time safety...
nalco
NALCO Signs MoU with SDI Bhubaneswar to Provide Skill Training to 60 Youths in Odisha
The three-month CSR programme will benefit youths from villages near NALCO's Angul and Koraput complexes,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Vardi
Beyond the Uniform: UP Police’s Film ‘Vardi’ Pays Tribute to Those Who Never Returned Home
Former IPS Rajan Singh
Meet the Former IPS Officer Who Left Policing, Studied at Wharton and Became an Entrepreneur
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Five years after Kargil, India sent its cricketing heroes to Pakistan where terrorism posed a deadly threat. The man guarding them, former Special Director of Intelligence Bureau, Mr. Yashovardhan Azad, reveals what all went behind the scenes during that crucial tour. 
Gajendra Singh Shekhawat
Dr Saket Badola IFS
ADVERTISEMENT
ADVERTISEMENT