The UK-based company at the center of a corruption row which has rocked the upcoming Delhi Commonwealth Games on Saturday admitted that it did not have a contract with the event's organisers but denied allegations of irregular financial transactions with them.
AM Films, the firm which has received lakhs of pounds for extending its "services" for the Queen's Baton Relay's London leg, however, denied allegations that the deal with the CWG Organising Committee was questionable.
"No illegal or irregular financial transactions have taken place between AM Films and the Commonwealth Games organising committee," the company's owner Ashish Patel said.
"The money was transferred in lieu of services obtained during the Queen's Baton Relay function in London in October last year and we have all the details of the deal which I can produce if needed," he added.
Asked whether the company had a contract to show, Patel said, "No, we didn't have the contract in place at that time. Everything was happening so fast so we couldn't get the contract then. Now the revenue wants to know where is the contract."
"I'm waiting for his lawyers. He is away and will return on August 9. I will take a decision after speaking with him. If needed I can even come down to India," he told NDTV.
The entire deal came to light when the OC asked for a VAT refund of 14,000 pounds in March this year for the payments made to the British company.
Allegations of a substantial sum of money being transferred to AM Films from the Games Organising Committee (OC) emerged yesterday with the British Government also raising doubts about the deal.