The sources said the CBI raids started early in the morning and are focussed on four companies, which had acted as the Indian arm for the same number of international firms. The contracts were bagged by consortium of foreign and Indian firms.
In a major blow to the aspirations of Suresh Kalmadi, V K Verma and Lalit Bhanot ahead of the elections, the Ethics Commission of the International Olympic Committee has recomended that the tainted trio be suspended from all their functions within the IOA with immediate effect.
Clean Sports India on Monday welcomed International Olympic Committee's direction to the IOA to suspend the tainted trio of Suresh Kalmadi, Lalit Bhanot and V K Verma with immediate effect and asked the IOC to ensure that the national body implements the decision.
The Delhi high court has asked Suresh Kalmadi, who has refused to resign from the presidentship of Indian Olympic Association, why he should not be suspended from the post along with Lalit Bhanot and V K Verma for their alleged acts of corruption during the 2010 Commonwealth Games.
The news of Lalit Bhanot and V K Verma's arrest has rattled Indian Olympic Association president Suresh Kalmadi, who was chairman of the Commonwealth Games Organising Committee. A close aide of Kalmadi confirmed that he is in touch with legal luminaries to chalk out the next course of action fearing also being arrested.
Former Commonwealth Games Organising Committee Secretary General Lalit Bhanot and OC Director General V K Verma were on Wednesday arrested by the CBI in connection with alleged irregularities in the Rs 107 crore deal inked with a Swiss timing firm.
Jailed Commonwealth Games Organising Committee former Director General V K Verma was on Tuesday granted custodial parole to attend the last rites of his mother-in-law in Chennai.
The Delhi high court on Tuesday dismissed the bail plea of former Commomwealth Games Organising Committee Secretary General Lalit Bhanot, accused of favouring a Swiss firm in a contract that led to a loss of over Rs 90 crore to the exchequer.
The Central Bureau of Investigation raided a dozen premises across Delhi on Thursday in connection with the alleged scam in Commonwealth Games overlays contracts. It included an office under the Union Sports Ministry, as it registered a fourth FIR naming a top Games official, V K Verma, for the second time.
Former India cricket captain Mohammed Azharuddin's bid to unseat Badminton Association of India's long-standing president V K Verma received a setback on Friday after an Andhra Pradesh court refused to grant a stay on BAI's election in Chennai on Sunday.
Commonwealth Games (CWG) OC secretary general Lalit Bhanot and director general V K Verma face arrest after the duo is reportedly not co-operating with the CBI during investigations.
The Central Bureau of Investigation was allowed by a Delhi court to quiz two former top officials of CWG Organising Committee, Lalit Bhanot and V K Verma, in custody for five days in connection with alleged irregularities in the Rs 107- crore deal with a Swiss firm for supply of timing, scoring and result (TSR) systems.
The much-anticipated face off between Mohammad Azharuddin and V K Verma ended in a damp squib on Sunday after the former cricketer backed out of the Badminton Association of India (BAI) elections, clearing the decks for a fourth term for the incumbent president.
Gupta, 56, was a Rajya Sabha member and was minister for steel in the United Progressive Alliance government.
Other members of the board would comprise Vishwapati Trivedi as the joint managing director, V K Verma, director (commercial) and Anup Srivastava, director (personnel), an official spokesperson said in New Delhi on Tuesday.
Former India players and parents of rebel trio Chetan Anand, Jwala Guttu and Shruti Kurien said V K Verma has neither badminton expertise, nor administrative ability or commitment to justify his position as president.
After breaking into the elite zone of top-10 players, ace shuttler Saina Nehwal became the first Indian woman shuttler to be named most promising player of the year by the Badminton World Federation.
Justices Imtiyaz Murtaza and V K Verma also asked the Uttar Pradesh government and the complainant Madhvendra Singh to file their counter-affidavits.
The Badminton Association of India chief is the first Indian to occupy a senior position in the IBF.
"We badly need the new fleet," Commercial Director of Air India V K Verma said without going into the lingering controversy over the national carrier's recent decision to buy 50 aircraft from Boeing, arch-rival of Airbus.
They won the men's and women's singles titles respectively in the National Badminton Championships.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Prime Minister Narendra Modi led the tributes that poured in for Badminton Association of India president Dr. Akhilesh Das Gupta, who passed away in Lucknow after suffering a heart attack on Wednesday.
The Indian Olympic Association General Body Meeting started off on a stormy note on Sunday with close to 50 demonstrators under the banner of Clean Sports India protesting against the association's officials, who have been chargesheeted in corruption cases.
The Central Bureau of Investigation told a Delhi court on Wednesday that the Indian Embassy at Berne has requested authorities there for provisional arrest of three officials of Switzerland-based Swiss Timing Limited, against whom summons were issued for their alleged roles in a 2010 CWG-related corruption case.
Stung by International Olympic Committee's directive to bar charge-sheeted persons from contesting elections, the Indian Olympic Association on Friday wrote to its parent body, saying that it cannot implement the provisions as it has to follow the law of the land.
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