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DDA to confiscate Rs 183-crore Emaar-MGF bank guarantee

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Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 1:24 AM IST

The Rs 183 crore bank guarantee furnished by Commonwealth Games village builder Emaar-MGF was today ordered to be confiscated on charges of irregularities, even as the Enforcement Directorate (ED) prepared to question top officials of the Organising Committee for alleged foreign exchange violations.

A Rs 760-crore bailout package given by Delhi Development Authority(DDA) for Emaar-MGF, a private builder, also came under the scanner, sources said.

As the multi-pronged probe into alleged corruption and financial irregularities in the Games scam gathered momentum, the Comptroller and Auditor General seized files relating to various construction works carried out by CPWD and DDA. Official sources said the ED is likely to issue summons to top OC officials, including Secretary General Lalit Bhanot in a case of alleged foreign exchange violation related to the Queen’s Baton Relay in London. Bhanot said he has not received any summons by the ED.

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First Published: Oct 21 2010 | 12:26 AM IST

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