<p>The Delhi High Court today dismissed the bail plea of former RPT former CWG Organising Committee Secretary General Lalit Bhanot, accused of favouring a Swiss firm in a contract that led to a loss of over Rs 90 crore to the exchequer. </p>.<p>"I find no merit in the bail application moved by the accused Bhanot. Therefore, his bail application is dismissed," Justice Mukta Gupta said.<br /><br />CWG OC chairman Suresh Kalmadi's close aide, Bhanot was arrested along with OC director General V K Verma on February 23 for striking a Rs 107 crore deal with a Swiss firm -- Swiss Timing Omega in procuring the Timing, Scoring and Result (TSR) System for the Commonwealth Games held last year.<br /><br />Earlier, Special CBI Judge Talwant Singh had also dismissed Bhanot's bail plea.<br />In the charge sheet filed on May 20, CBI named Kalmadi, Bhanot, Verma and eight others including two companies.<br /><br />According to the charge sheet, the accused allegedly awarded the Rs 141 crore-contract to the Swiss firm to install a TSR system for the Commonwealth Games at an exorbitant cost, causing a loss of over Rs 90 crore to the exchequer.<br /><br />All the accused have been indicted for various offences, including those of criminal conspiracy under Section 120(B), cheating (Section 420), forgery (Section 468 & 471) of Indian Penal Code and the Prevention of Corruption Act.<br /><br />CBI said it might file a supplementary charge sheet, if need be, as further investigation is on and certain aspects are yet to be probed. </p>
<p>The Delhi High Court today dismissed the bail plea of former RPT former CWG Organising Committee Secretary General Lalit Bhanot, accused of favouring a Swiss firm in a contract that led to a loss of over Rs 90 crore to the exchequer. </p>.<p>"I find no merit in the bail application moved by the accused Bhanot. Therefore, his bail application is dismissed," Justice Mukta Gupta said.<br /><br />CWG OC chairman Suresh Kalmadi's close aide, Bhanot was arrested along with OC director General V K Verma on February 23 for striking a Rs 107 crore deal with a Swiss firm -- Swiss Timing Omega in procuring the Timing, Scoring and Result (TSR) System for the Commonwealth Games held last year.<br /><br />Earlier, Special CBI Judge Talwant Singh had also dismissed Bhanot's bail plea.<br />In the charge sheet filed on May 20, CBI named Kalmadi, Bhanot, Verma and eight others including two companies.<br /><br />According to the charge sheet, the accused allegedly awarded the Rs 141 crore-contract to the Swiss firm to install a TSR system for the Commonwealth Games at an exorbitant cost, causing a loss of over Rs 90 crore to the exchequer.<br /><br />All the accused have been indicted for various offences, including those of criminal conspiracy under Section 120(B), cheating (Section 420), forgery (Section 468 & 471) of Indian Penal Code and the Prevention of Corruption Act.<br /><br />CBI said it might file a supplementary charge sheet, if need be, as further investigation is on and certain aspects are yet to be probed. </p>