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Indo-Swiss firm executive remanded in CBI custody

New Delhi: Sandeep Wadhwa, the managing director of an Indo-Swiss firm, arrested for his alleged role in a corruption case linked to supply of various logistical equipment for the Commonwealth Games, was on Tuesday remanded in CBI custody for four days by a Delhi court.

Special CBI Judge O P Saini remanded Wadhwa in CBI custody acceding to the agency`s plea that he needed to be subjected to custodial interrogation for further probe into the case.

Wadhwa, the MD of Comfort Net, which is a part of the Switzerland-based Nussli India consortium, was arrested yesterday by the CBI in connection with the Rs 600 crore overlays scam.

Prior to Wadhwa arrest, the CBI had claimed that it had got some evidence against Nussli India which was given contract of nearly Rs 140 crore for supplying tents, portable cabins, containers and other items for six venues.

According to the CBI, Nussli India had signed a memorandum of understanding with a Canadian firm`s Indian unit for supply of steel-based modular fittings for Commonwealth Games venues.

The CBI had earlier accused former CWG Organising Committee Director General V K Verma and other officials of entering into a criminal conspiracy with Binu Nanu, Director GL Events, in awarding contracts for overlays for different Games venues at exorbitant rates.

The agency had alleged that public servants abused their official position, cheated and caused undue losses to the government and corresponding gain to four companies and themselves. One of the companies made accused by the CBI was Nussli-India consortium.

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