CBI sources said the allegations in the case could not be substantiated during its investigation and the agency may file a closure report before the competent court soon.
Last year, the agency had filed a case against Lalli and Managing Director of Delhi-based Zoom Communications Wasim Dehlvi, who is also the resident director of UK-based SIS Live, under section 120-B and 420 of Indian Penal Code related to criminal conspiracy and fraud respectively.
The allegations were refuted by Lalli and Dehlvi.
The CBI had alleged that a major portion of Rs 246 crore contract given to UK-based SIS Live by Prasar Bharti for "production and coverage" of Commonwealth Games was sub-contracted to Zoom Communications for only Rs 176 crore resulting in loss of nearly Rs 100 crore to the exchequer.
After an year-long investigation in the alleged scam, the CBI has come to conclusion that there were no major shortcomings in these issues.
The sources said that investigations revealed that schedule of payments was never changed in favour of SIS Live by the Prasar Bharti.
The CBI has alleged in its FIR that a number of conditions were relaxed in favour of the UK-based company SIS Live, including a provision pertaining to sub-contracting to Zoom Communications. MORE