The Central Bureau of Investigation (CBI) has arrested businessman Binu Nanu, who heads two event management companies, in connection with its ongoing probe into alleged irregularities in the award of overlays contracts, worth R630.23 crore, for the Commonwealth Games (CWG).
The CBI suspects Nanu, who is the managing director of Meroform (India) Private Limited and GL Events, of having allegedly paid bribe/s worth several crores to CWG Organising Committee (OC) top officials. Nanu allegedly paid the bribe/s to bag CWG overlays contract in an irregular manner, said a CBI source who is not authorised to speak to the media.
“We suspect he paid bribe worth around 10% to 15% of the total value of the overlays contracts he had got,” said the source. He said OC officials, including VK Verma, were in the agency’s scanner in the case.
The names of Nanu and Verma figure in the CBI’s fourth First Information Report (FIR) related to alleged irregularities in the conduct of the Games that the agency is investigating. Nanu is the fourth arrest made by the agency in its ongoing CWG corruption probe.
Nanu’s firms had allegedly bagged contracts worth R165 crore for works related to interior design and furnishings at the Games Village. The firms had created temporary structures worth several thousand of sq metre and provided over lights, television sets, refrigerators, hydrotherapy pools and toilets, said the source.
Nanu was arrested by the CBI on Monday night and remanded to CBI’s custody on Tuesday by a Delhi court for four days. His arrest occurred after the CBI interrogators had grilled Nanu, along with former OC official RK Sacheti, for several hours at the agency’s headquarters.
Nanu’s residential and official premises, located in Noida, were raided on January 6 by the CBI along with several other offices/residences of heads of companies that had bagged the CWG overlays contract.
CBI’s fourth FIR is over the alleged irregularities in the award of contract for overlays at different venues of the Games at allegedly exorbitant rate. It alleges that Verma and other OC officials had entered into a criminal conspiracy with heads of private companies that resulted in “undue loss to the Government of India and corresponding gain to the private companies and the themselves.”