Saying he was “deeply involved” in the conspiracy, a Delhi court on Wednesday dismissed the bail plea of CWG Organising Committee (OC) ex-treasurer M. Jayachandran, an accused in the Timing-Scoring-Result (TSR) scam causing a loss of over Rs. 95 crore to the exchequer.
Special CBI Judge Talwant Singh said Mr. Jayachandran, who had worked in various high positions in the run up to the Games, has the propensity to influence witnesses and can do so if released on bail at this stage in the case involving former OC chairman Suresh Kalmadi.
“It is clear that M. Jayachandran was deeply involved in the entire conspiracy hatched with other co-accused for awarding TSR contract to Swiss Timing Limited of Switzerland at an exorbitant rate by eliminating competition and thereby causing huge loss of more than Rs. 95 crore to government exchequer and providing unlawful gain to private party/persons.
“The accused is highly influential person who has retired as IRS and had worked at various high positions in the OC. Most of the witnesses are his ex-juniors, colleagues and other persons and if he is released on bail, he may influence the said witnesses,” the judge said, adding “no ground for bail is made out at this stage.”
The court also rejected the anticipatory bail plea of co-accused A.K. Reddy, the promoter of Hyderabad-based AKR Constructions and imposed a cost of Rs. 25,000 on him for wasting its precious time by seeking to recall the May 23 order by which he was declared a proclaimed offender.
The judge noted that Mr. Reddy has remained non-cooperative in the investigation and did not appear before it even after filing of the charge sheet against him.