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
