KTR says ready to face law amid Formula-E controversy; alleges ₹5 lakh crore scam through regularization of 9,292 acres industrial land

Mr. Jindal
2 Min Read

Bharat Rashtra Samithi (BRS) working president, K.T. Rama Rao, addressing a press conference in Hyderabad on Friday (November 21, 2025)

Bharat Rashtra Samithi (BRS) working president, K.T. Rama Rao, addressing a press conference in Hyderabad on Friday (November 21, 2025)
| Photo Credit: BY ARRANGEMENT

Bharat Rashtra Samithi (BRS) working president, K.T. Rama Rao (KTR), said he had done nothing wrong in the Formula E race payments and would face the law and come out clean.

In response to the Governor, Jishnu Dev Varma, giving permission to prosecute him in the Formula E race case, he said the case was politically motivated and said the Congress Government would not prove anything in it. KTR said that this is absolutely politically motivated and people are aware of how he has been bounded for raising public issues.

At a press conference held in Hyderabad on Friday (November 21, 2025), KTR said he was ready for the lie-detector test as well to prove his point that it [the race] was conducted to enhance Telangana’s image.

The BRS working president also launched a blistering attack on Chief Minister A. Revanth Reddy, alleging that the State government is attempting to execute what he termed “India’s biggest land scam” under the newly announced Hyderabad Industrial Lands Transformation Policy (HILTP).

He claimed that the policy was crafted not for public benefit but as a “blueprint for a ₹5 lakh crore scam” intended to enrich a select group of politically aligned middlemen, relatives and real estate networks close to the Chief Minister.

KTR alleged that the Congress government was attempting to regularize 9,292 acres of high-value industrial land located in major clusters such as Balanagar, Jeedimetla, Sanathnagar and Azamabad.

With current market prices in these areas ranging between ₹40 crore and ₹50 crore per acre, the total value, he said, reaches nearly ₹5 lakh crore.

The BRS leader accused the government of planning to hand over these lands at just 30% of the SRO value — which itself is significantly below current market rates.

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