Delhi: On CAG audit report allegations, IOA President PT Usha says, No financial loss was incurred. There are false allegations about missing funds of 175 crores. The finance committee found discrepancies during the audit, but everything is on record. There was a 2022 contract for 35 crores related to branding, but the IOC now says they can only give 17 crores or extend it to 2030. I’ve informed all the SC members, but no replies yet. We’ve done everything transparently, and this won’t affect the athletes. We're in talks with the Olympic Commission, and it’ll be resolved soon.
#BrandingRights #Governance #AthleteSupport #IOA #ResolutionInProgress #PTUsha
#BrandingRights #Governance #AthleteSupport #IOA #ResolutionInProgress #PTUsha
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00:00It is there for a lot of allocation on treasurer now because 175 crores rupees
00:09they have not given us back and and up to last minute the balance sheet it was there in 1.7
00:181 crore 75 lakhs but so suddenly it is disappeared the return of finance committee
00:24oh that is the CAG audit may they have find that and they have questioned about it for that this
00:35Sardar has written I think to defame me he has made an my name dragging in 25 crores reliance
00:45so actually actually it is not as done it is it is done by earlier IOI in 2020 to 35 crores
00:53uh contract signed and that time actually it was naming right and branding right and all it was
01:00there and now the IOC has taken out the branding and naming right and all and and they say that
01:07we don't have any visibility bulkhead they had come to perry re-contract so they say that they
01:13can give only 17 crore rupees or they they don't want to they withdraw from that or if we if we
01:21want we can use them for up to 2030 and use the 35 crores also so each and every meet 6 crores 6
01:29crores 4 crores something like that no so it is like that so as soon as I got the letter from
01:35them I sent the mail to all the EC members yes I had sent the mail to them and and afterward they
01:43are not replied it to me even acting CEO Kalyan Chaubey also had sent the mail to all the EC
01:48members and even Rohit Rajpal the sponsor committee chairman he also had a conversation
01:54with the landspeople at that time it's all is it is in record everything is there and then he say
02:01that I don't he don't know anything about it and I have done it it is a wrong and it's a another
02:06allegation on me he's making it no this one we will give because we have no other thing to hide
02:12everything properly we do we have given to the CAG and now the when they will satisfied or not
02:18they will give us letter now and the other thing about thing I have given called the special GM
02:26no nothing now no this cannot be going on like that but it will be solved very soon and even for
02:32host Olympic commission yesterday also we had a dialogue with them and and and and and coming days
02:40more frequently we'll have the dialogue with the host commission yesterday she has called us
02:46yesterday so and players they should keep their fitness every time and they should not be on all
02:52those things