24 February 2011

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CWG Corruption - Lalit Bhanot, VK Verma, Reddy and Bakshi Arrested. Who is Next Suresh Kalmadi?

CWG Corruption - Lalit Bhanot, VK Verma, Reddy and Bakshi Arrested.
Who is Next Suresh Kalmadi?

former Commonwealth Games Organizing Committee general secretary Lalit Bhanot and former director general VK Verma were arrested by the CBI in connection with irregularities in the Rs 107 crore time-keeping contract awarded to Swiss company Omega for the Games.

Swiss company Omega provided equipments which were used to keep time during different sports events in October 2010.

Both men have been charged with the intent to cheat and criminal conspiracy.
Bhanot has been booked by the probe agency under sections 120B (criminal conspiracy) and 420 (cheating) of IPC and various sections of Prevention of Corruption Act, along with Switzerland-based firm Swiss Timing Ltd and other unknown persons.

The Organizing Committee got bidding from two companies, Omega and MS Spain
Organizing Committee chose to go with Omega even though the price quoted by the Swiss company Omega was almost double the price from other bidders.

"It is alleged that the accused officers abused their official position and entered into criminal conspiracy with a Switzerland-based company and other unknown persons to cheat the government in awarding contract to the said company for acquiring Timing, Scoring and Result (TSR) System at exorbitant rates of Rs. 107 crore thereby causing huge loss to the government," a CBI spokesperson said.

In another development
K U K Reddy, s senior official of the Commonwealth Organizing Committee and Praveen Bakshi, Director of a private company, was today sent to five days of CBI custody by a Delhi court in connection with alleged irregularities in overlays supply.

Reddy, Additional Director General of Commonwealth Games Organising Committee and Bakshi, Director of ESA JV, was booked on the charge of bribery.

CBI submitted Bakshi has paid a huge bribe to the officials of the organizing committee in return for getting contracts at exorbitant rates.

"I am satisfied that the prayer for 5-day police custody remand of both the accused is just. Accordingly, both the accused are remanded to police custody till February 28," Special CBI judge O P Saini said.

Media has reported that Suresh Kalmadi will be arrested after the conclusion of National Games in Jharkhand on February 26.

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Thursday, February 24, 2011


Stafford Ray February 24, 2011  

It is encouraging to see corruption being addressed in the Subcontinent. Corruption destroys trust and stifles creativity so the economy is also stifled. It disempowers individuals and creates civil unrest and even 'tribal' conflict.
Congratulations to all you wonderful people and may you have enough good luck to almost beat the Australians in the World Cup final!!! :-)

sm,  February 24, 2011  

Stafford Ray,,