CWG Scam: Lalit Bhanot and VK Verma arrested by CBI

Former Commonwealth Games Organising Committee general secretary Lalit Bhanot and former director general VK Verma have been arrested by the Central Bureau of Investigation (CBI) in connection with irregularities in the Rs 107 crore time-keeping contract awarded to Swiss company Omega for the Games.
The Organising Committee got bidding from two companies, Omega and MS Spain and rates offered by the latter were much lower. But the Organising Committee chose to go with Omega even though the price quoted by the Swiss company was almost double the price from other bidders.
Bhanot was sacked from the Commonwealth Games Organising Committee on January 24 2011 after three months of investigation by the CBI into the financial irregularities in connection with the Games held in October 2010.

Both Bhanot and Verma were grilled by CBI officials at the investigating agency's headquarters on Wednesday in connection with details relating to the contract given to the Swiss time-keeping company.

Bhanot has been claiming that all the decisions related to the Commonwealth Games were taken keeping government officials in the loop.

Sources say former Commonwealth Games Organising Committee chairman Suresh Kalmadi is likely to be arrested soon.