HRD plans survey for educational reforms
The Enforcement Directorate will soon starts its probe into the alleged financial irregularities in awarding contracts related to the overlays for the Commonwealth Games (CWG). Contracts for overlays amounted to a total of nearly Rs 700 crores.
According to sources, a scrutiny of the final inventory and price list of several overlays — movable fixtures and fittings for venues and stadia by the probe agencies, including ED, has revealed many anomalies. The ED will soon start questioning officials of the Organising Committee (OC) of the CWG involved in awarding certain contracts related to overlays, sources said. The ED is currently probing alleged Foreign Exchange Management Act (FEMA) violations by the OC members in connection with Queen’s Baton Relay (QBR) held in London.
“The ED officials have reportedly collected sufficient documents related to the financial transactions of business consortiums who were awarded contracts worth Rs 700 crores for overlays. The probe agency has also looked into the role played by some of the OC members in awarding of the contracts to Indian companies for overlay,” sources said. The income tax department recently carried out searches at the offices of four business consortiums who were awarded contracts for overlays for the CWG.
All the four consortiums have a foreign company as a partner. The IT department had carried out searches at 30 locations spread over Delhi and the national capital region (NCR), Chandigarh and Ludhiana. It is believed that the ED officials have also collected contract papers that were signed by the OC, invoices and other material, sources added.
Meanwhile, the CBI is also preparing to register PE in connection with financial irregularities related to the QBR, in which London-based AM Films was allegedly involved.
The ED has already registered a case under the FEMA in this regard and also questioned several OC officials in this regard. f
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