John Armitt, chairman of the Olympic Delivery Authority (ODA), has told the Public Accounts Committee (PAC) that he could not guarantee that all the money (estimated at being £2BN) taken from the National Lottery for the London 2012 Olympics will be returned.
When pressed by committee chairman, Edward Leigh, Armitt admitted that he could not even guarantee that part of the money would be returned.
Olympic Medals won during the Beijing 2008 Olympics
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