Antrix Devas Deal
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Devas Seizes $87,457 Cash In US In Antrix Dispute
Devas Multimedia has seized USD 87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a USD 1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday.
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Devas Shareholders To Continue Seizing Overseas Indian Assets
Unfazed by Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of overseas Indian assets
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Backed By Supreme Court Order, Government Says Will Target Devas Assets
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-ownedDevasMultimedia a fraudto counter seizure of its properties, Finance Minister Nirmala Sitharaman said
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Government To Oppose International Award To Devas, Says Finance Minister
Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company
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Antrix-Devas Case: 10 Key Things To Know
The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia challenging a court order to wind up the company. A day later, Finance Minister Nirmala Sitharaman said a 2005 deal between Devas and Antrix Corporation was a proven fraud.
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US Court Asks ISRO's Commercial Arm To Pay $1.2 Billion To Bengaluru Firm
A US court has asked Antrix Corporation, the commercial arm of ISRO, to pay compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for cancelling a satellite deal in 2005.
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Antrix Deal: Devas Assets Worth Over Rs 79 Crore Attached
Assets worth over Rs 79 crore, belonging to Devas Multimedia Private Limited, has been attached by the Enforcement Directorate in connection with its money laundering probe in the Antrix-Devas deal.
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Devas Falsely Claimed To Have IPR Of Hybrid Technology: CBI
Devas Multimedia had pocketed the deal with Antrix within a month of its inception on the basis of an allegedly false claim that it has IPR of a new technology for delivering multimedia content which saw its share price skyrocket 12,5000 times, according to CBI.
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Ex-ISRO Chairman G Madhavan Nair Named In Antrix-Devas Case Chargesheet
Former ISRO chairman G Madhavan Nair has been named as one of the accused by the Central Bureau of Investigation in its chargesheet in the Antrix-Devas deal case today.
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Antrix-Devas Case: Former ISRO Chief Questioned By CBI
CBI today questioned former ISRO Chairman G Madhavan Nair in connection with the case registered by the agency for probing alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of ISRO.
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CBI Examines Former ISRO Chief Radhakrishnan in Antrix Deal
Former ISRO Chairman K Radhakrishnan has been examined by CBI in connection with the agency's probe into alleged irregularities in an agreement between private multi-media company Devas and Antrix, the commercial arm of Indian Space Research Organisation.
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Antrix-Devas Deal: Enforcement Directorate Files Money Laundering Case
The Enforcement Directorate (ED) has registered a money laundering case to probe alleged Rs 578 crore "wrongful" gain to private multi-media company Devas by Antrix, the commercial arm of ISRO.
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Antrix-Devas Deal: CBI Registers Case Against Senior Officials for Causing Loss of 578 Crores
The Central Bureau of Investigation (CBI) today carried out searches after registering a case to probe an alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of Indian Space Research Organisation or ISRO.
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CAG slams Madhavan Nair for Antrix-Devas deal: 10 developments
One of India's best-known scientists, G Madhavan Nair, takes much of the rap in a report on the deal he sanctioned with a company named Devas during his term as the head of the Indian Space Research Organization or ISRO. The government's auditor finds Mr Nair guilty of "conflict of interest" and says that he failed to consult with ministries who w...
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Ex-ISRO chief Nair free to appeal against 'ban': Govt
The government has refused to budge from its decision to blacklist one of India's most eminent scientists, G Madhavan Nair, from government jobs. When Mr Nair was Chairman of the Indian Space Research Organisation or ISRO, a deal was signed with a company named Devas that would have cost the government huge losses.
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Devas Seizes $87,457 Cash In US In Antrix Dispute
Devas Multimedia has seized USD 87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a USD 1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday.
-
Devas Shareholders To Continue Seizing Overseas Indian Assets
Unfazed by Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of overseas Indian assets
-
Backed By Supreme Court Order, Government Says Will Target Devas Assets
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-ownedDevasMultimedia a fraudto counter seizure of its properties, Finance Minister Nirmala Sitharaman said
-
Government To Oppose International Award To Devas, Says Finance Minister
Government will oppose the international award given to Devas Multimedia Limited after the Supreme Court upheld NCLAT's order to wind up the company
-
Antrix-Devas Case: 10 Key Things To Know
The Supreme Court on Monday dismissed an appeal filed by Devas Multimedia challenging a court order to wind up the company. A day later, Finance Minister Nirmala Sitharaman said a 2005 deal between Devas and Antrix Corporation was a proven fraud.
-
US Court Asks ISRO's Commercial Arm To Pay $1.2 Billion To Bengaluru Firm
A US court has asked Antrix Corporation, the commercial arm of ISRO, to pay compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for cancelling a satellite deal in 2005.
-
Antrix Deal: Devas Assets Worth Over Rs 79 Crore Attached
Assets worth over Rs 79 crore, belonging to Devas Multimedia Private Limited, has been attached by the Enforcement Directorate in connection with its money laundering probe in the Antrix-Devas deal.
-
Devas Falsely Claimed To Have IPR Of Hybrid Technology: CBI
Devas Multimedia had pocketed the deal with Antrix within a month of its inception on the basis of an allegedly false claim that it has IPR of a new technology for delivering multimedia content which saw its share price skyrocket 12,5000 times, according to CBI.
-
Ex-ISRO Chairman G Madhavan Nair Named In Antrix-Devas Case Chargesheet
Former ISRO chairman G Madhavan Nair has been named as one of the accused by the Central Bureau of Investigation in its chargesheet in the Antrix-Devas deal case today.
-
Antrix-Devas Case: Former ISRO Chief Questioned By CBI
CBI today questioned former ISRO Chairman G Madhavan Nair in connection with the case registered by the agency for probing alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of ISRO.
-
CBI Examines Former ISRO Chief Radhakrishnan in Antrix Deal
Former ISRO Chairman K Radhakrishnan has been examined by CBI in connection with the agency's probe into alleged irregularities in an agreement between private multi-media company Devas and Antrix, the commercial arm of Indian Space Research Organisation.
-
Antrix-Devas Deal: Enforcement Directorate Files Money Laundering Case
The Enforcement Directorate (ED) has registered a money laundering case to probe alleged Rs 578 crore "wrongful" gain to private multi-media company Devas by Antrix, the commercial arm of ISRO.
-
Antrix-Devas Deal: CBI Registers Case Against Senior Officials for Causing Loss of 578 Crores
The Central Bureau of Investigation (CBI) today carried out searches after registering a case to probe an alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of Indian Space Research Organisation or ISRO.
-
CAG slams Madhavan Nair for Antrix-Devas deal: 10 developments
One of India's best-known scientists, G Madhavan Nair, takes much of the rap in a report on the deal he sanctioned with a company named Devas during his term as the head of the Indian Space Research Organization or ISRO. The government's auditor finds Mr Nair guilty of "conflict of interest" and says that he failed to consult with ministries who w...
-
Ex-ISRO chief Nair free to appeal against 'ban': Govt
The government has refused to budge from its decision to blacklist one of India's most eminent scientists, G Madhavan Nair, from government jobs. When Mr Nair was Chairman of the Indian Space Research Organisation or ISRO, a deal was signed with a company named Devas that would have cost the government huge losses.
