Income Tax officials are conducting searches in the national capital region in connection with tax evasion by some companies and contractors in the Commonwealth Games projects. Official sources said, the premises of contractors of Commonwealth Games are being raided. The officials are raiding the premises of Satya Prakash constructions, which did landscaping for the games as well as Shiv Naresh Sports Pvt Limited, which supplied track suits and other materials to the games. The raid comes a day after; the Enforcement Directorate questioned CWG Organising Committee Director General V K Verma. He was questioned for marathon ten hours in connection with its probe into alleged financial irregularities in organizing the sporting extravaganza. Official sources said, Verma was grilled at length on the alleged irregularities in the Queen's Baton Relay held in London last year and also on issues concerning overlays work. Speaking to the media after his questioning at the ED Zonal office here, Verma said it was a general discussion and no individual contracts were discussed. Sources said Verma, who came to ED Office on Wednesday morning brought relevant papers relating to the contract given to a UK firm, A M Films. ED has registered a case under Foreign Exchange Management Act (FEMA) in this regard.
News On AIR | October 28, 2010 12:34 PM
IT Department conducts searches of companies related to CWG projects