P1racenews AI automatic summary:
The legal investigation into the alleged illegal release of funds for the cancelled 2024 Formula E Hyderabad E-Prix goes on.
Formula E CEO Jeff Dodds has urged for the prompt and fair resolution of the legal case in Hyderabad to enhance the prospects of a comeback to India. There is a dispute over the scrapped 2024 Hyderabad E-Prix that remains unresolved, even though it is not directly linked to the electric series. Dodds stated that Formula E had a strong contract in place, which was violated by the Telangana local government. The local authorities did not fulfill the hosting obligations after a new government came into power before the event. Following the race’s cancellation, an investigation began earlier this year after an FIR was filed regarding the alleged illegal release of funds for the Formula E event. The most recent development involves the Telangana Anti-Corruption Bureau deciding to re-question the Indian political party Bharat Rashtra Samithi and its working president, KT Rama Rao, who, along with two others, are accused of involvement in the illicit fund transfer to Formula E Operations. The race’s cancellation dealt a significant blow to Formula E following its first event in 2023. Dodds highlighted in an interview with RacingNews365 that the ongoing case in Hyderabad is not against Formula E, emphasizing their disappointment due to the breach and withdrawal from the race contract by the local government. He expressed hope for a swift resolution of the intricate case to avoid jeopardizing Formula E’s future return to India. Dodds emphasized the importance of resolving the matter quickly and fairly to dispel negative publicity and reaffirmed Formula E’s clear stance on the robust contract that was breached by the Hyderabad authorities.
