Q: Discuss about the commonwealth games scam of white collar crime ?
Ans: Commonwealth Games is an international competition wherein the athletes from the Commonwealth Nations compete in several sports. It happens once a year & it is run by the Commonwealth Games Federation. Suresh Kalmadi, the Games’ planning committee chairman, performed this Commonwealth Games scam. He allegedly awarded the advantageous contract to the Swiss firm to install a TSR system for the Commonwealth Games at a very high cost, causing a loss of over ₹900 million to the exchequer as the Swiss Timings’ time equipment actually costs ₹95 crores and Suresh Kalmadi offered the contract of Rs 141 crore . The Central Vigilance Commission must be known about the CMW scam as well as the culprits were detained on charges of cheating, conspiracy, corruption, forging documents, etc. Hence, this is also a serious white-collar crime.
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