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The CBI today began attachment of properties of three absconding accused in connection with irregularities in the award of a contract to a Swiss firm during the Commonwealth Games causing a loss of over Rs 95 crore to the exchequer.
In its charge sheet, CBI has accused Anil Madan and P D Arya of Faridabad-based Gem International and A K Reddy of Hyderabad-based AKR Constructions of conniving with the Organising Committee officials to get the contract awarded to Switzerland-based Swiss Timing at Rs 157.62 crore, ignoring the bid of a Spanish firm which was for Rs 62.01 crore.
The three accused, however, could not be traced by the agency following which it sought permission to attach their properties from the special CBI court which recently granted them permission, sources said.
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