<p>"Swiss Timing has entirely fulfilled its contract according to the stipulations and conditions set and agreed on by both the parties. The tender procedure and the bidding procedure have been totally transparent and Swiss Timing has at no time tried to illegally influence the tender and bidding procedure," the international firm said in full-page advertisements in newspapers.<br /><br />The company said it has not been contacted by the CBI, which is probing the alleged financial irregularities in the contract executed by the Organising Committee of CWG.<br /><br />"The Swiss Timing company has not been contacted by CBI up until now. Before, during and after the Games, the Swiss Timing experts had to work under disastrous, chaotic conditions. Despite this situation, Swiss Timing delivered an impeccable service to the athletes of the Commonwealth Games," the company said.<br /><br />Former Games OC Secretary General Lalit Bhanot and Director General V K Verma were on February 23 arrested by the CBI in connection with alleged irregularities in the Rs 107- crore deal inked with the Swiss Timing.<br /><br />Bhanot and Verma had been booked under sections 120B (criminal conspiracy) and 420 (cheating) of IPC and various sections of Prevention of Corruption Act.<br /><br />A CBI spokesperson had earlier said that the two officers had abused their official position and entered into criminal conspiracy with the foreign firm and other unknown persons "to cheat the government in awarding contract to the said company for acquiring Timing, Scoring and Result (TSR) System at exorbitant rates of Rs 107 crore."<br /><br />According to CBI investigations, the expression of interest (EOI) was published announcing that only the Swiss firm met the laid down criteria.<br /><br />"Subsequently, request for proposal (RFP) was issued on October 1, 2009. This was surreptitiously amended on October 4, 2009, thereby making the bids even more restrictive. In response to RFP, two bids were received. However, a Spain-based firm was allegedly wrongfully eliminated at the pre-qualification bid stage," a CBI spokesman had said.</p>
<p>"Swiss Timing has entirely fulfilled its contract according to the stipulations and conditions set and agreed on by both the parties. The tender procedure and the bidding procedure have been totally transparent and Swiss Timing has at no time tried to illegally influence the tender and bidding procedure," the international firm said in full-page advertisements in newspapers.<br /><br />The company said it has not been contacted by the CBI, which is probing the alleged financial irregularities in the contract executed by the Organising Committee of CWG.<br /><br />"The Swiss Timing company has not been contacted by CBI up until now. Before, during and after the Games, the Swiss Timing experts had to work under disastrous, chaotic conditions. Despite this situation, Swiss Timing delivered an impeccable service to the athletes of the Commonwealth Games," the company said.<br /><br />Former Games OC Secretary General Lalit Bhanot and Director General V K Verma were on February 23 arrested by the CBI in connection with alleged irregularities in the Rs 107- crore deal inked with the Swiss Timing.<br /><br />Bhanot and Verma had been booked under sections 120B (criminal conspiracy) and 420 (cheating) of IPC and various sections of Prevention of Corruption Act.<br /><br />A CBI spokesperson had earlier said that the two officers had abused their official position and entered into criminal conspiracy with the foreign firm and other unknown persons "to cheat the government in awarding contract to the said company for acquiring Timing, Scoring and Result (TSR) System at exorbitant rates of Rs 107 crore."<br /><br />According to CBI investigations, the expression of interest (EOI) was published announcing that only the Swiss firm met the laid down criteria.<br /><br />"Subsequently, request for proposal (RFP) was issued on October 1, 2009. This was surreptitiously amended on October 4, 2009, thereby making the bids even more restrictive. In response to RFP, two bids were received. However, a Spain-based firm was allegedly wrongfully eliminated at the pre-qualification bid stage," a CBI spokesman had said.</p>