Formula E race case: SC refuses to examine KTR's plea against FIR
K T Rama Rao against the order that refused to quash an FIR against him in the Formula E race case. After a bench of Justices Bela M Trivedi and Prasanna B Varale said it was not inclined to interfere with the high court order, Rao's counsel withdrew the appeal and the matter was dismissed as withdrawn.
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On January 7, the high court refused to quash the FIR against him in the case, removing the protection from arrest given to him.
On December 31, 2024, the high court reserved its orders on the plea filed by Rao after hearing the arguments of the state government and his counsel in the case registered by the state anti-corruption bureau (ACB).
The ACB alleged authorised payments to the tune of Rs 55 crore, mostly in forex, were made to Formula E Organisation without necessary approvals.
The high court in its order said the allegations indicated Rao without any approval from the state cabinet or the finance department directed the Hyderabad Metropolitan Development Authority (HMDA) to pay huge sums of money to a foreign company.
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