CVC to out new CWG scams

Bribery by private sector is rampant, says Transparency International

trithesh

Trithesh Nandan | January 17, 2012



The central vigilance commission (CVC) will soon come out with the details of recently-unearthed scams in the 2010 Commonwealth Games (CWG). "We are ready with the report and just need to release it in public," R Sri Kumar, a vigilance commissioner with the CVC said here on Monday. He was speaking at the release of a Transparency International report on the assessment of integrity pact in public sector undertakings (PSUs).

Kumar gave very few details of the special cell of the CVC which investigated the irregularities in the government spending on the Games.

“Taxes to the tune of Rs. 450 crore have not been realised from the bills so far. The amount was to be paid for statutory compliance under TDS, VAT, services tax. Out ,” said Kumar. He added that the tax authorities had acknowledged Rs 380 crore of the Rs 450 crore as unpaid taxes and had served legal notices to the defaulting parties.

The vigilance commissioner said that the special cell's report has details of financial irregularities and names the parties involved. The cell had been formed in early 2011 after several corruption-related complaints surfaced against government officials over the execution of CWG projects. The CVC investigated at least 71 projects worth several crore executed by the civic and construction agencies in the run-up to the games in October, 2010.

However, Kumar did not give any information on the date of release of the report.

The Transparency report says that the government should bring a strong tool to deter corruption in the private sector. "Bribery is rampant among the officials of private firms. They pay bribes to officers of other private companies to get their work done," said the 109-page report.

“There are various instances, where bribes are routed through sub-contractors, big bidder companies, including MNCs are very much into it,” it noted.

The report mentioned that though defence ministry has signed the integrity pact with the TI, many defence sector PSUs were yet to commit.

Integrity pact is a tool devised by the TI to curb corruption in public procurement. Since 2006, only 44 PSUs have signed integrity pact with the TI. The report noted that Gas Authority of India Ltd. saved Rs. 362 crore after signing integrity pact. “96 percent PSUs felt that the integrity pact has helped in making procurement process more transparent,” the report held.

The prime minister Manmohan Singh in his speech on August, 2009 had mentioned the pact as a tool to curb corruption.

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter