The Commonwealth Games Federation has slammed the Shunglu Committee report on the alleged financial irregularities in the conduct of last year's Commonwealth Games, saying its statements on the CGF's role are "inaccurate and unsubstantiated" and lack context.

The Shunglu Committee report, which has indicted Organising Committee chief Suresh Kalmadi and some other top OC officials for financial bunglings, has also questioned the decisions of the CGF President Mike Fennell and its Chief Executive Officer Michael Hooper.

The CGF reacted strongly to the committee's report and said the statements lack fairness.

"The Commonwealth Games Federation (CGF) refutes a number of statements relating to it which are contained in the Fifth and Sixth Reports of the High Level Committee on their review into the Delhi Commonwealth Games 2010 published late last week," the CGF said.