This Article is From Apr 28, 2011

CWG scam: Swiss Timing's statement

New Delhi: NDTV has gained access to a video recording of a  meeting of the Commonwealth Games Organising Committee (OC) held on October 12, 2009.

In the video, VK Verma, one of Suresh Kalmadi's close aides and a former Director General of the OC is heard telling Games delegates about the contract for the Timing Scoring and Results (TSR) systems several weeks before the tenders were finalised. Mr Verma can be cleary heard saying, "The contract for the TSR will be given to the Swiss Timing."

Swiss Timing, the company which won the contract for Rs 141 crores, allegedly paid kickbacks to a local representative of a company who was appointed at Mr Kalmadi's insistence. The Swiss Timing bid was 95 crores more than MSL, a Spainish firm, which had put a competing bid of Rs 48 crores.

Swiss Timing has denied all allegations of wrong doing. In a statement the company said, "CBI has not made any formal charges against the Swiss Timing company."

Here's the full statement:


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