Sacked Commonwealth Games Organising Committee chief Suresh Kalmadi, arrested for his alleged role in awarding a Games contract to a Swiss firm at an exorbitant rate, was today denied bail by a Delhi court.
Special CBI judge Talwant Singh dismissed Kalmadi's bail plea along with that of Games organising panel's joint director-general (Sports) ASV Prasad, saying that "the offences are of serious nature."
The court also that they might try to influence witnesses, if enlarged on bail at this juncture.
The court also said that "Prasad was close to Kalmadi" and had a key role in awarding the contract which caused huge loss to the exchequer.
Kalmadi was arrested along with Prasad and three others on April 25 for awarding the contract for installing the Time-Scoring-Result (TSR) system to a Swiss firm, Swiss Times Omega, at an exorbitant cost of Rs 141 crore, causing a loss of over Rs 95 crore to the public exchequer.