Created by : Dharmik patel

1. K.E.S’s SHROFF COLLEGE OF ARTS & COMMERCE SUBJECT: MACRO ECONOMICS

2. COMMONWEALTH GAMES SCAM 28-01-2011 2

3. Group members

4. 4 28-01-2011

5. COMMONWEALTH GAMES2010 There were currently 54 members of the commonwealth of nation and 72 teams participates in the games in which there are 260 events in 17 disciple. The four home nations of the United Kingdom:- England , Scotland , Wales and Northern Ireland-send separate teams to the commonwealth games and individuals teams are also sent from the British Crown dependencies of Guernsey , Jersey and Isle of man. Many of the British overseas territories also send their on teams. 28-01-2011 5

6. PROBLEMS The games in India have been marred by financial irregularities exposing a large corruption scam. Corruption is not uncommon around the world , experts are bewildered since the government is not talking a stand against the perpetrators. The Indian central vigilance committee has warned of sub standard construction that have not met safety requirement It is yet to be seen whether the venues will be ready or not. 28-01-2011 6

7. Scam in Village Real estate developer EMAAR-MGF may have to forfeit Rs. 183 crores it deposited with the government of India as a bank guarantee for the Commonwealth Games Village that it built. EMAAR is being penalised for structural defects, and inadequate amenities including insufficient power and waste supply for the apartments that housed the delegates from 71 countries that participated in the Games.NDTV has accessed documents that chronicle complaints about the Games Village filed by the representatives of the participating countries. From poor plumbing to water leaks and concerns about structural safety, the catalogue of grievances is extensive and indicting .Delhi Chief Minister Sheila Dikshit was asked to get the Village in shape just days before the Games began. 28-01-2011 7

9. The Daily Mail sleuths have discovered a fresh moral depravation of the CWG organizing committee. Another controversy dogging the CWG since the start is the issue of ticket sales. While the general public is unable to buy tickets, with all outlets reporting that all the venues have been sold out, one witnesses nearly half the venues empty for every event. The fact is that Indian greed, which knows no bounds, has got the better of the CWG organizers, who are trying their level best to get rich quick in every way they can because they think organizing the CWG was a one time opportunity which may not present itself again. Throwing caution to the winds, they have been raking in the moolah from their ill gotten methods, giving the game and their country a bad name. Indian aspirations to outmatch arch rival China in organizing an spectacular event, like the Beijing Olympics has been sacrificed at the altar of greed and sleaze.8

11. 8000 athletes from the Commonwealth countries start arriving next week, but with facilities for them - forget Delhiites - now evidently clearly in a state of collapse.9 Before After

12. Financial corruption The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games-related projects, has found discrepancies in tenders and alleged misappropriation amounting to about Rs 8,000 crore. The total misappropriation amount may touch a figure of Rs 5,000 to Rs 8,000 crore, which is quite huge and alarming. Complaints regarding alleged embezzlement of Rs 1.5 crore in the purchase of HOVA Courts for Badminton stadium, malpractices in the tender for kitchen equipment installation, misappropriation in video board tenders for remodelling and upgradation of Major Dhyan Chand National Stadium were received by the CVC and in all cases. 28-01-2011 10

13. Kalmadi’s hand’s in scam Suresh Kalmadi says a sum of Rs 25,200 crore has been allocated to hire a time machine for Commonwealth Games organisers to have a look at how much toilet paper was bought during the conduct of 1896 Athens Olympics. When asked where the time machine was, Kalmadi pointed to a Raleigh Cycle parked at the Jawaharlal Nehru stadium. CWG head honcho Suresh Kalmadi files a police complaint as a huge stadium, apparently constructed to accommodate over one lakh spectators, goes missing. Kalmadi vows to capture the pickpocket behind the daring heist. A small scam of a few thousand of crores follows over the minting of medals for the Commonwealth Games emerges. But the media chose to string along much to the satisfaction of Barkha Dutt. 11 28-01-2011

14. CBI Investigation There is hustle and bustle at various corners of political arena. There were allegations, counter allegations and defensive statements in answer. In the wake of early morning raid conducted by CBI at the pune and Delhi Residence of Kalamadi key BJP ministers started attacking the Govt saying congress Govt is protecting the corrupt and scamsters. CWG scam is estimated to be worth 700 Cr while 2G scam caused a loss of much to the govt exchequer. Suresh Kalmadi who is alleged as the key conspirator of CWG scam may not be the only person involved in this scam, as per Tarun Vijay there may be several officials of PMO and Delhi Govt who have aided Kalmadi in the crime. CBI may file cases of criminal conspiracy, forging documents against the key conspirators of CWG scam. The raids conducted at various places of the key kalamdi aids may get prolonged as such raids generally last for several hours. As per reports CBI has made 4 raids today and there may be many more raids to come.Unfortunately it is highlighted that some of the important documents and files have gone missing and CBI suspects that they have been destroyed. Today A.Raja will be questioned by CBI on the 2G scam. Hopefully we will hear some breakthrough in both the cases. Only time will tell. It is only a matter of evidence that CBI is looking at to nail down A.Raja and Suresh Kalmadi who shamed the country.

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