Showing posts with label CWG Corruption. Show all posts
Showing posts with label CWG Corruption. Show all posts

CWG Village builders penalised Rs 183 cr

Posted by Prem on Thursday, October 21, 2010
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The guests have left the Commonwealth Games Village and the ghosts are returning to haunt the builder Emaar MGF and DDA which were awarded the project. The Urban Development Ministry which governs the DDA has fired the first salvo against the builder.

CNN-IBN learns that DDA is taking action against Emaar MGF for failing to complete the project on time.

DDA has fired the first salvo. The Centre will confiscate Rs 183 crore bank guarantee given by Emaar MGF for failing to deliver Games village on time.

CWG Village builders penalised Rs 183 cr
The DDA wants an additional Rs 84 crore as damages from Emaar MGF for going beyond the Games project deadline and not completing landscaping work.

It has decided to invoke the bank guarantee of Rs 183 crore. Legal action will be taken by DDA to recover other expenditure that includes - Rs 44.65 crore for not completing work including landscaping, Rs 38.65 crore for not completing the project on time. Sources say Emaar MGF also even failed to pay water and power bills.

In the middle of this fight between DDA and Emaar MGF close to 800 people who have paid anything between Rs 1.8 crore to Rs 4.8 crore, to own an apartment in this high-end project, are left in the lurch. Emaar was the sole bidder in 2007 and got 27.2 acres to build 1168 apartments.

The builders plan went haywire when their ambitious Rs 8000 crore IPO failed in February 2008.

However, DDA bailed out the builder paying Rs 770 crore and got rights to sell 333 apartments. Things then went from bad to worse. Emaar was denied a completion certificate in March this year (2010) as DDA accused the builder of unauthorized construction, Emaar MGF also took DDA to court. During the duration of the Games the Village got a temporary occupation certificate.

Emaar MGF is talking of a three month delay. With the Government asking the builder to account for every penny, occupying these flats will take more time than promised.

Source: ibnlive.in.com

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Commonwealth Games: PM Orders Probe Corruption Charges

Posted by Prem on Friday, October 15, 2010
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NEW DELHI: With the Commonwealth Games over and demands for probe for mounting, Prime Minister Manmohan Singh tonight appointed a high-level committee headed by a former CAG to go into allegations of corruption related to the mega sporting event.


The committee, headed by former Comptroller and Auditor General (CAG) V K Shunglu, will submit its report to the Prime Minister within three months, PMO spokesman said.

The announcement came even as the CAG stepped into the picture to conduct assessment of various projects related to the CWG with officials set to visit all the stadia and go through records.

Significantly, CWG Organising Committee Chairman Suresh Kalmadi, who has been in the line of fire over the corruption allegations, was snubbed when he was not invited to a felicitation at the Prime Minister's residence for Indian medal winners.

"The government has decided to constitute a high-level committee under former CAG V K Shunglu to look into all matters relating to organising and conduct of the Commonwealth Games 2010, New Delhi, including to draw lessons from it," the spokesman said.

The details of terms of reference will be announced in a day or two, the spokesman said.

The developments came as opposition parties, which had held their fire during the 12-day event, today stepped up their demand for thorough probe into corruption charges which the Congress said should be done and those guilty, if any, be brought to book.

Read more: Timesofindia.indiatimes.com

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