Rocked by a series of widescale corruption allegations, the Commonwealth Games Organising Committee (CGOC) on Thursday terminated a multi-crore company with an Australian company Sports Marketing and Management (SMAM).
The decisions were taken by the CGOC's all-powerful Executive Board which met for an emergency meeting in the wake of the corruption scandals that have engulfed the October 3-14 mega event.
The Australian sports management firm SMAM and Swiss-based Event Knowledge Services (EKS) have been accused of financial irregularities.
SMAM and Swiss-based Event Knowledge Services (EKS) are reportedly being investigated on charges that the CGOC had allegedly paid them more than $US10 million for their services, but they had not fulfilled their obligations.
SMAM, headed by Mike Bushell, has been the Australian Olympic Committee's (AOC) marketing arm for more than 20 years and has run the marketing programme for the Sydney Olympics, and the most recent Commonwealth Games in Manchester (2002) and Melbourne (2006).