Devas Multi-media deal controversy surfaces again

cbiThe Central Bureau of Investigation carried out searches yesterday in connection with an alleged Rs 578-crore wrongful gain to private multi-media company Devas by Antrix, the commercial arm of the ISRO.

After registering a case on Monday, the CBI sleuths conducted the searches yesterday at the premises of Devas Limited as well as the then Executive Director of Antrix K R Sridhara Murthi in Bengaluru yesterday, official sources said.

The CBI registered a case and submitted an FIR against Murthi, M G Chandrasekhar and R Vishwanathan of Forge Advisors, Devas Multi-media Private Limited and unnamed officials of Antrix, ISRO and Department of Space in a designated court in Bengaluru. The agency has slapped 120-B (criminal conspiracy), 420(cheating) of Indian Penal Code and relevant sections of Prevention of Corruption Act against them.

The Antrix-Devas deal had seen early exit of G Madhavan Nair as the Chairman of the ISRO as he was the Chairman of the Governing Council of Antrix when the deal was finalised. It is alleged that the accused people had entered into a criminal conspiracy and the government officials abused their position by favouring Devas by giving them rights for delivery of videos, multimedia and information services to mobile phones using S-Band through GSAT-6 and GSAT-6A satellites and terrestrial systems in India.

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