CBI attaches property of absconding accused

The CBI is in the process of attaching properties of three absconding accused in Commonwealth Games-related cases.

Anil Madan and P D Arya of Faridabad-based Gem International,and A K Reddy of Hyderabad-based AKR Constructions are accused of conniving with CWG Organising Committee officials to get the contract for timing,scoring and results (TSR) system awarded to Switzerland-based Swiss Timing at Rs 157.62 crore.

The move came after the three accused failed to appear before the agency.

The CBI alleged that the accused had influenced the OC officials to ignore the bid of a Spanish firm,which was for Rs 62.01 crore. The agency,in its statements before a Delhi court,said the three accused could not be traced. It then sought permission to attach their properties.

After the CBI was granted permission by the court,its teams started the process of attaching the properties of the accused in Faridabad and Hyderabad,said a spokesperson of the agency.

They also conspired with the Chairman and Managing Director of the Hyderabad-based construction company,which raised highly inflated and bogus invoices for Rs 11.28 lakh for temporary cabling work,in order to justify the huge payment received from the Swiss-based company, said a statement from the agency.

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