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India Commonwealth Games Financial Fraud Analysis

The document discusses India hosting the Commonwealth Games in 2010, which went severely over budget due to fraud and corruption, costing over Rs 11500 crores more than anticipated. It suggests hiring an external authority to oversee major events and check for financial irregularities as the best way to prevent such issues.

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aaryan saha
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4 views1 page

India Commonwealth Games Financial Fraud Analysis

The document discusses India hosting the Commonwealth Games in 2010, which went severely over budget due to fraud and corruption, costing over Rs 11500 crores more than anticipated. It suggests hiring an external authority to oversee major events and check for financial irregularities as the best way to prevent such issues.

Uploaded by

aaryan saha
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Problem statement

For a country which had one of the largest populations of people ridden by poverty. India spending
crores and crores of money on common wealth games were a financial disaster

Purpose and objective

Fraud involved rounding off of Rs 70,000 crores. A budget of Rs 1620 crores was anticipated
however, it finally went over budget by Rs 11500 crores.

Possible alternative solutions

Could have hired external team from a country which had a experience games of such a high level.
There should be an independent authorities to check the financial regularities.

Recommended solutions

Since most of the fraud occurred due to internal corruption the best solution would be to hire an
external authority.

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