CBI registered new FIR against Premier Brands Private Ltd and Compact Disc India Ltd and six commonwealth OC members

CBI registered new FIR against Premier Brands Private Ltd and Compact Disc India Ltd
and six commonwealth OC members

The Central Bureau of Investigation (CBI) has filed another first information report (FIR) in the alleged multi-crore Commonwealth Games overlays scam.

CBI spokesperson Dharini Mishra said that ‘The FIR was registered in connection with merchandising and retailing for sports wear May 3.


Six Commonwealth Games organizing committee members and two firms were named in the FIR.
Following are the names of accused OC members and two firms who are named in this corruption case.
1. V.K. Verma

2. Surjeet Lal

3. K.V.K Reddy

4. M. Jayachandran

5. Ram Mohan

6. Sangeeta Welingkar

7. Premier Brands Private Ltd. (PBPL)

8. its parent company Compact Disc India Ltd [CDIL ]

The official said that Commonwealth Games Organising Committee extended undue favours to appoint PBPL as the master licensee for merchandising, online and retail, for the Games.

The committee had fixed a minimum royalty of Rs.7.05 crore. The CBI alleged that after scrapping the earlier bid on flimsy grounds, the evaluation committee dishonestly considered PBPL on the basis of the goodwill of its parent company -- Compact Disc India Ltd -- and gave the company master license for merchandising on an offer of Rs.5.2 crore.

'PBPL submitted two cheques amounting to Rs.3.52 crore but they bounced. The committee did not receive any amount from PBPL,' said the official.

The official also said that PBPL used the CWG brand and earned a huge profit, but did not pay anything to the organizing committee. The accused officials caused huge pecuniary advantage PBPL and loss to the government exchequer.

The official said that the CBI also conducted raids at 10 places at five cites -- Mumbai, Chandigarh, Delhi, Gurgaon and Panchkula.

A total of 12 FIRs have been filed for financial irregularities in organizing the mega event in the capital in October 2010.

Reality views by sm –
Friday, May 06, 2011

Keyword Tag – PBPL CDIL Common wealth games corruption 2011

Source – IANS