ANTRIX DEVAS DEAL PDF

The deal between Antrix and Devas was signed in when G Madhavan Nair was at the helm of affairs in the Department of Space (DoS). Former ISRO chairperson Madhavan Nair took advantage of the many positions of power he held to push deal through, says Comptroller and Auditor General. New Delhi: A Delhi court on Saturday granted bail to former Isro chairperson G. Madhavan Nair in the Antrix-Devas case that had caused a loss.

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Antrix-devas Deal: Latest News, Photos, Videos on Antrix-devas Deal –

List of foreign satellites launched by India. Investigations have revealed that Devas Multimedia transferred 85 dsvas cent of the Rs crore foreign funding to the US under various claims.

Retrieved 16 May The charges were dropped afterwards as the accusation turned out to be false.

This article needs to be updated. Saturday 04 July The court, meanwhile, took a strict view over the non-appearance of accused Veena S.

A case was registered against the accused on March 16, Printable version Dec 31, 9: Eminent scientist Roddam Narasimha, the senior-most member of the Space Commission, has resigned to protest the blacklisting of former chairman of the Indian Space Research Organisation, G Madhavan Nair and three others in connection with the Antrix-Devas spectrum deal, a senior official of the Indian space agency said on Friday.

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Nair Feb 5, 2: CBI opposed the bail plea, saying they were high-profile people and may flee if released on bail. The court allowed former Additional Secretary in the Department of Space Veena S Rao’s plea seeking exemption from personal appearance due to a public meeting.

Nair is disparaged for taking advantage of his multiple roles. Retrieved from ” https: The government is studying the Hague tribunal’s orders on Antrix-Devas deal and will file appeal against the verdict at an “appropriate time” in the international tribunal, ISRO Chairman said today.

However, except three accused, the court granted bail to the rest who appeared before it, including A. The CAG said of the deal: Company Corporate Trends Deals. CBI had on August 11 last year filed a chargesheet against the accused, alleging that they had caused devs loss of Rs crore to the exchequer by abusing their official position to favour a private company.

Former Isro chairperson G. The scandal first came to light when inThe Hindu reported that there were some irregularities in the agreement between Antrxi and Devas.

Antrix-Devas deal: Court grants bail to former ISRO Chairman G Madhavan Nair

A Delhi court on Saturday granted bail to former Isro chairperson G. This article is closed for comments. Views Read Edit View history.

Duringthe then Executive Director of Antrix Corporation in alleged criminal conspiracy with both advisors of the US-based company and others gave rights for the delivery of video, multimedia and information services to mobile receivers in vehicles and mobile phones via S-Band through the GSAT-6 and GSAT-6A satellites and terrestrial systems in India to the company based in Bengaluru in violation of the guidelines pertaining to leasing of INSAT capacity.

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Devas then took Antrix and the Government to International Court for cancelling its contract by the Cabinet Committee on Security in Together we build journalism that is independent, credible and fearless.

Antrix-Devas case: Fifteen points to help you understand the deal – Firstpost

A Delhi court has issued summons to a former director of Devas Multimedia Pvt. India has desl a major case in international arbitration involving spectrum and satellites and may have to pay up to a billion dollars in damages. In the earlier decision inthe International Chamber of Commerce ICC tribunal found unanimously that Antrix’s repudiation of the contract was unlawful, and awarded Devas damages and pre-award interest of approximately million US dollars, plus post-award annual interest accruing at fevas percent until the award is paid in full.

He later blamed the UPA-2 government for things going south in the deal. ISRO refuses to share details on Nair’s complaint.

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