New Delhi, July 31 : Denying allegations of any financial irregularity in the Commonwealth Games, the Organising Committee chairman, Suresh Kalmadi, on Saturday claimed to have maintained total transparency in all the deals.

Kalmadi said: "Every pie is accounted for".

"We have nothing to hide. There is total transparency in OC and our conscience is clear. All the headlines about money trail story is [are] false. Every pie is accounted for. We are hurt by this allegations," Kalmadi said during a news conference today in the national capital.

On Friday, the Organising Committee (OC) was rocked by an alleged scam involving a little known UK-based company.

Kalmadi dismissed all allegations as "totally unfounded and baseless" and threatened to initiate legal action against those who have tried to malign the Organising Committee’s image.

Stating the he has felt “deeply pained” by these “unfounded and baseless allegations”, Kalmadi denied this malicious broadcast.

“It is bad for the morale of the Games which is in such an important phase. I will like to deny everything which is coming in the news channel. There is nothing against us in the Central Vigilance Commission report," said Kalmadi.

He also threatened to sue the media channel for making ‘malicious’ allegations.

"I am thinking of legal action, including defamation against the channel. It is such a malicious reporting which is far from truth," a visibly annoyed Kalmadi added.

The CWG 2010 have been hit by an alleged major scam after the British government raised questions about a substantial sum of money which was transferred to A M Films from the OC.

Reports claimed that over 4.50 lakh pounds were transferred through a British bank to the company, which was also said to be receiving 25,000 pounds a month for costume designing.

However, Kalmadi admitted that there had been no contract between the OC and A M Films and they roped in the company at the last minute only on the recommendation of the Indian High Commission in London. (ANI)