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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Caught in the cycle of debt and death, India’s farmers drove home the severity of the agrarian crisis in In latesome ISRO insiders exposed information about the Devas-Antrix deal,   and the ensuing investigations resulted in the deal being annulled. This will alert our moderators to take action Name Reason for reporting: Its objective is to promote the ISRO’s products, services and technologies.
This is the second international tribunal to rule against the Indian government in the Antrix-Devas scam, and questions how the government will react to the judgment devaw since it was trying to avoid a potentially dangerous scam when it cancelled its deal with Devas in My Saved Articles Sign in Sign up.
The scandal first came to light when inThe Hindu reported that there were some irregularities in the agreement between Antrix and Devas. Choose your reason below and click on the Report button. Deal tainted from beginning. In Februarythe ED had provisionally attached Rs New Year flushed with promise world over, but Kashmir stares at another period of gloom amid gunfights and clashes.
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.
He later blamed the UPA-2 government for things going south in the deal. This page was last edited on 20 Decemberat ISRO refuses to share details on Nair’s complaint. Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth New Year flushed with promise world over, but Kashmir stares at another period of gloom amid gunfights and clashes BSP seeks withdrawal of cases filed during Bharat Bandh, threatens to withdraw support to Congress in MP, Rajasthan First half of likely to be volatile, but stronger macros signal positive equity market move Black Mirror: We are a voice to you; you have been a support to us.
CAG tears apart Antrix-Devas deal
Eminent scientist Roddam Narasimha, the senior-most member of the Space Commission, who resigned yesterday to protest the blacklisting of former chairman of the Indian Space Research Organisation ISRO G Madhavan Nair and three others in connection with the Antrix-Devas spectrum deal, has said that there may have been procedural lapses but barring A further Rs Nair Feb 5, Get instant notifications from Economic Times Allow Not now. Ddal to Weekly Newsletter:. December 23, The aim of the project was to provide broadband wireless services to the remote areas of India.
NIFTY 50 10, 7. Saturday 04 July The cognisance of the final probe report was taken after the CBI apprised the court that it had secured the requisite sanction from the authorities concerned to prosecute the former officials of premier space organisations.
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From rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India. G Madhavan Nair given adequate chance to explain Antrix-Devas case: Official Website Facebook Twitter.
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The CBI accused them of hatching a criminal conspiracy with an intent to cause undue gains to themselves or others by abusing their official positions and causing loss to Antrix Corporation and ISRO. New Zealand beat Sri Lanka by runs. Retrieved 16 May The Department of Space DoSin a statement, said that in the award, issued on “jurisdiction and merits on 25 July, “, the tribunal has said that the Indian government’s essential security interest provisions “do apply in this case to an extent” and the “limited liability of compensation shall be limited to 40 percent of the value of the investment” but the precise quantum has not been determined as yet.
Eminent scientist resigns from Space Commission Feb 24, India beat Australia by runs.
Retrieved from ” https: A case was registered debas the accused on March 16, A Delhi court has issued summons to a former director of Devas Multimedia Pvt. Antrix was to lease satellite transponders to Devas for allowing it to offer digital multimedia services using the S-band wavelength spectrumreserved for strategic purpose. The Devas Multimedia-Antrix Corporation agreement was annulled by the UPA government in Dwal — in the backdrop of the alleged 2G scam in the telecom sector and allegations of a sweet heart deal — by citing usage of the S-band spectrum allocated to Devas for security purposes.
The report says that the Antrix-Devas deal defas tainted right from the word go. The court, meanwhile, took a strict view over the non-appearance of accused Veena S. Devas, in turn, was to pay Antrix a total of million US dollars dexl 12 years. However, except three accused, the antdix granted bail to the rest who appeared before it, including A.
Antrix was set up in to commercialise space productsand was also used as a channel for the transfer of technology. This can be guaged from the fact that in Bharat Sanchar Nagar Limited and Mahanagar Telephone Nigam Limited were given only 20 Mhz each of spectrum in the S-band for wireless services by the government for a hefty price of Rs 8, crore.
The court, meanwhile, took a strict view over the non-appearance of accused Veena S. Retrieved 6 February