March 5, 2012 1:52 PM

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CWG scam: Swiss firm’s plea dismissed

The Delhi High Court today dismissed a plea of Switzerland-based firm Swiss Timing, an accused in a Commonwealth Games-related graft case, seeking a stay on possible coercive action against it by a lower court.

The Swiss firm had moved the high court seeking a stay on possible measures that may be adopted against it by the special CBI judge, who had allowed the plea of probe agency that the company had been duly served with the summonses for its appearance in the case.

Justice Mukta Gupta rejected the petition of the company that it was not served the summonses, by the probe agency, in the manner prescribed for an off-shore entity.

Sacked CWG Organising Committee Chief Suresh Kalmadi and other co-accused are charged with illegally granting the Time Scoring and Results, TSR contract to Swiss Timing, causing a loss of over 90 crore rupees to the state exchequer.

The Swiss firm is one of the 11 accused in the case and has been issued summonses by the trial court.

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