Synopsis: The state’s Anti-Corruption Bureau, which investigated the case, concluded that there was a quid pro quo arrangement whereby KTR allegedly facilitated a contract with an event sponsor – Ace Nxt Gen, a subsidiary of renewable energy company Grenko, in exchange for electoral bonds worth ₹45 crore.

Telangana Governor Jishnu Dev Varma has granted permission to the state government to prosecute BRS working president and former minister KT Rama Rao in the Formula E Race case.

The case involves allegations of financial irregularities amounting to approximately ₹55 crore during the Hyderabad Formula E racing event held under the previous BRS government.

The state Anti-Corruption Bureau (ACB), which investigated the case, concluded that there was a quid pro quo arrangement whereby KTR

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