New Delhi, March 8 :  A Swiss firm, under CBI scanner for alleged irregularities in a Rs. 109-crore contract to supply timing, scoring and result devices for Commonwealth Games (CWG) 2010, Tuesday denied any wrongdoing and said the pricing was transparent.

Swiss Timing, in a full-page newspaper advertisement, said the Central Bureau of Investigation (CBI) had not contacted it "until now".

"Swiss Timing denies all the allegations and rumours referring to any irregularities committed during the last Commonwealth Games in 2010 in Delhi... The pricing has been totally transparent," the firm said.

A CBI statement following the recent arrest of Lalit Bhanot and V. K. Verma, former high ranking officials of the CWG Organising Committee, said they had "entered into a criminal conspiracy with a Switzerland-based company named Swiss Timing and facilitated contracts at exorbitant rates, thereby causing huge loss to the government".

The two officials were charged with criminal conspiracy, cheating and corruption. They were arrested Feb 23 by the CBI. At present, they are in judicial custody.

The Swiss Timing statement said that the "tender procedure and the bidding procedure have been totally transparent and Swiss Timing at no time has tried to illegally influence the tender and bidding procedure".

The Swiss company said its experts had to "work under disastrous and chaotic conditions before, during and after the Games".

"The difference between the price of the previous games in 2006 in Melbourne (where also the company offered the timekeeping service) which is frequently misquoted in the Indian media and the price of the Delhi CWG has of course been discussed during the tender procedure between the various committee expert groups and the departments of the OC," the advertisement said.

Listing its arguments under a headline "Facts and Figures", the company said that the "scope of work in Delhi was much bigger than the one in Melbourne".

It said that the committee in Delhi had requested additional services like games information system, virtual TV graphics and commentator information system containing all relevant information for media.

The number of people employed in Delhi was also 50 percent higher than in Melbourne, the advertisement said.

It said the timing and data-handling systems that had to be transported, mounted and operated in Delhi were substantially more.

"Finally, the financial and administrative conditions, as well as the support and efficiency of the organising committees in Delhi and Melbourne were unfortunately absolutely not comparable. The additional costs and risks in Delhi were of course reflected in the offer," Swiss Timings said.(IANS)