New Delhi: The promoter of a Hyderabad-based firm, wanted by the CBI for his alleged involvement in award of a lucrative Commonwealth Games contract to a Swiss firm at inflated rates, on Saturday surrendered in a Delhi court.

Promoter of AKR Constructions, A K Reddy, who had been evading arrest since February this year and a proclaimed offender, surrendered before Special CBI Judge Talwant Singh, who remanded him to judicial custody.

"An application for surrender has been moved by accused A K Reddy and is allowed," the judge said.

The court also allowed Reddy to carry spectacles, one strip each of some prescribed medicines and the medical prescriptions to jail and directed prison authorities to have him medically examined by the jail doctors on Saturday itself.

On his plea for carrying spare clothing and a leather-strapped wrist watch, the judge directed his family members to directly make a request to the jail superintendent.

Besides Reddy, his firm AKR Constructions is also an accused in the case.

On August 16, two other accused and promoters of Faridabad-based Gem International, Purushottam Dev Arya and A K Madan, who too were on the run since February, had surrendered before the court.

Reddy's AKR Constructions was sub-contracted the Time Scoring and Result work for the Games by Gem International, which itself was a sub-contractor of Swiss Timing, which was allegedly illegally awarded the contract by then CWG Committee chairman Suresh Kalmadi due to his links with Arya, Madan and Reddy.

The award of the contract at an inflated rate had caused a loss of over Rs 90 crore to the public exchequer. The CBI indicated to the court that it may move the court next week to seek Reddy's custody for his interrogation as he may be required to be confronted with Madan and Arya, who are in the agency's custody till August 23.

The CBI had recently started attaching the properties of the three after they were declared proclaimed offenders. Earlier this month, their anticipatory bail pleas were rejected by the Supreme Court and the Delhi High Court.

(Agencies)