The state government of Hyderabad has initiated an investigation into the sale of tickets for the Formula-E race held last year. They have alleged that there was misuse of funds and violation of rules and procedures by the Next Gen agency, who organized the event. The government had previously questioned the release of over Rs 50 crore to the organizing agency, and now they are looking into the ticket sales as well.
The Congress and the BRS have engaged in a heated debate over this investigation. The government is currently compiling a detailed report on the race, including the alleged misuse of funds and the revenue generated from ticket sales and corporate sponsors. They have stated that the entire process, from approving the race to selling tickets, was not done transparently.
There is suspicion that high-ranking officials and leaders were involved in organizing the Formula-E race. The government has vowed to uncover the truth and take appropriate action against those responsible for misusing government resources and public funds. Deputy CM and Finance Minister Mallu Bhatti Vikramarka has claimed that the previous government allowed a private agency to unilaterally conduct the race at the expense of public money. Initial investigations have revealed that Rs 110 crore were misused and business rules were violated. The government has not signed any memorandum of understanding with the agency and will take legal action after completing the investigation.
