A promoter of a private company accused of financial irregularities in the 2010 Commonwealth Games preparations surrendered before a CBI court .
A promoter of a private company accused of financial irregularities in the 2010 Commonwealth Games (CWG) preparations surrendered before a CBI court here Saturday.
Hyderabad-based entrepreneur A. Krishna Reddy linked to A.K.R. Constructions surrendered before the Central Bureau of Investigation (CBI) Special Judge Talwant Singh, who sent him to Tihar Jail in 14 days' judicial custody.
Two other co-accused and promoters of Faridabad-based Gem International, Anil Kumar Madan and Purushottam Dev Arya had surrendered Aug 16.
“An application for surrender has been moved by accused A.K. Reddy and is allowed,” said the judge.
The court allowed Reddy to carry his spectacles and medicines and prescriptions to jail. It also directed the prison authorities to get him medically examined.
Besides Reddy, his firm A.K.R. Constructions is also an accused in the case.
On Aug 2, the Delhi High Court dismissed the anticipatory bail plea of all the three accused.
In its first charge sheet, the CBI said Madan and Arya, the authorised Indian representatives of firm Swiss Timing, which was fraudulently awarded the contract for the timing, scoring and result (TSR) equipment for the Games, were personally known to former CWG Organising Committee (OC) chairman Suresh Kalmadi long before the sporting event.
The charge sheet had named Kalmadi, who is now in jail, and 10 others.
The charge against Reddy's firm was that it raised fictitious bills amounting to Rs.13 crore for works worth Rs.3 crore.
The CBI said Gem International even obliged Kalmadi as early as Oct 16, 2008, by going out of the way to make a significant payment on his asking.
"Call records show that there were telephonic contacts between them as early as February 2009," the CBI said.
Swiss Timing had been engaged for providing some components of TSR services during the 2008 Commonwealth Youth Games held in Pune, when Kalmadi came in contact with Arya and Madan and other representatives of the Swiss firm.
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