K.E.S’s SHROFF COLLEGE OF ARTS & COMMERCE

SUBJECT:

MACRO ECONOMICS

10/04/2023 2

COMMONWEALTH GAMES SCAM

NAME ROLL NOSHASHANK PAI 56KUSH SHAH 39SAGAR PANCHAL 30DHARMIK PATEL 33PRIYANK DARJI

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HARDIK NATHWANI 29PARTH SHAH 40SIDDARTH TAWDE 45

Group members

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Host city: New Delhi, India

Nations participating: 85 Commonwealth Teams

Athletes participating: TBA

Events: 17 disciplines

Opening ceremony: 3 October 2010

Closing ceremony: 14 October 2010

Queen's Baton Final Runner: TBA

Main Stadium: Jawaharlal Nehru Stadium

Motto: "COME OUT AND PLAY"

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COMMONWEALTH GAMES2010

• 54 members

• 72 teams participates in the games

• 260 events in 17 disciple.

• The four home nations of the United Kingdom.

• British overseas territories.

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PROBLEMS• Financial irregularities exposing large corruption

scam.

• Corruption is not uncommon around the world.

• Sub standard construction.

• It is yet to be seen whether the venues will be ready or not.

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Scam in Village• Forfeit Rs. 183 crores as a bank guarantee for the

Commonwealth Games Village that it built.

• EMAAR is being penalised for structural defects.

• NDTV has accessed documents that chronicle complaints about the Games Village filed by the representatives of the participating countries.

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SCAM IN TICKET

INDIA’S poor management of the Commonwealth Games (CWG) is continuing to bring it a bad name.

Thousands of pounds were heisted by fraudsters organizing the game.

General public is unable to buy tickets. Outlets reported that all the venues have been sold

out. Half the venues remains empty for every event.

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Collapse of Foot over-bridge

A new foot over-bridge near Jawaharlal Nehru Stadium, collapsed.

As the over-bridge collapsed at the doorstep of the Jawaharlal Nehru Stadium, where the opening and closing ceremonies are to be held.

8000 athletes arriving next week before the game.

Before

After

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FINANCIAL CORRUPTION • Found discrepancies in tenders and alleged

misappropriation amounting to about Rs 8,000 crore.

• The total misappropriation amount may touch a figure of Rs 5,000 to Rs 8,000 crore, which is quite huge and alarming.

• Malpractices in the tender for kitchen equipment installation.

• Misappropriation in video board tenders for remodelling and upgradation.

10/04/2023

Kalmadi’s hand’s in scam• Suresh Kalmadi says a sum of Rs 25,200 crore has

been allocated to hire a time machine for Commonwealth Games organisers.

• When asked where the time machine was, Kalmadi pointed to a Raleigh Cycle parked at the Jawaharlal Nehru stadium.

• A small scam of a few thousand of crores follows over the minting of medals for the Commonwealth Games emerges. But the media chose to string along much to the satisfaction of Barkha  Dutt.

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CBI Investigation

• CWG scam is estimated to be worth 700 Cr while 2G scam caused a loss of much to the govt exchequer.

• Suresh Kalmadi who is alleged as the key conspirator of CWG scam may not be the only person involved in this scam.

• CBI may file cases of criminal conspiracy, forging documents against the key conspirators of CWG scam.

• As per reports CBI has made 4 raids today and there may be many more raids to come.

• It is only a matter of evidence that CBI is looking at to nail down A.Raja and Suresh Kalmadi who shamed the country.

THAN

K YO

U!