Antrix devas deal pdf

Former isro chief questioned by cbi all india press trust of india updated. Even as separate entities, they remain among the biggest in the indian market. Antrix had signed a deal with devas agreeing to give it two communication satellites. Cbi raids in connection with devas antrix deal after registering a case on monday, cbi sleuths conducted the searches at the premises of devas limited as well as the then executive director of antrix kr sridhara murthi in bengaluru, official sources said. Govt gets second antrix blow, hague tribunal rules against. The functions of the ccs include dealing with, inter alia, defence related issues, issues relating to. Madhavan nair, on friday said he would not discount the possibility of an international conspiracy in raking up a controversy over the antrix devas deal. Two devas top officials continue to elude cbi, ed while the cbi court in delhi ordered a separate trial on march 18 against the two officials, the special court in bengaluru granted 12 weeks time on april 12 to serve summons at their us addresses.

Blore court should hear arbitration dispute between antrix. The government suffered its second blow in the antrix devas satellite deal that was cancelled in february 2011, with an arbitration tribunal of the permanent court of. Dos puts forth annulment options on antrix devas deal document pdf share on. All about the antrixdevas deal and other related scams. Antrix corporation limited acl, is a wholly owned government of india company, under the administrative control of department of space dos. Cbi examines former isro chief k radhakrishnan in antrix deal 22 oct, 2015, 12. The enforcement directorate has attached assets worth rs 3. In january 2005, antrix corporation isros commercial arm had signed an agreement with devas multimedia a company formed by former isro scientists and us venture. Antrix vs devas legal case rages on advanced television.

In a belated response, staterun indian space research organisation isro on wednesday said it would contest the. Devas multimedia is suing the government for cancelling a deal with isros antrix in august 2011. Antrix devas deal news and updates from the economic times. The agreement gave 90% of the satellite capacity and the use of about 60 mhz of sband spectrum in the 25002690 mhz band to devas. 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. Report hints at collusive behaviour in antrixdevas deal. Expression of interest for empanelment of system integrators for navic based projects. This contract however, was terminated by antrix, citing instances of.

Report of the comptroller and auditor general of india on. On thursday, isro insisted that the space commission in its meeting in july 2, 2010 gave directions to antrix to annul the contract with devas multimedia private limited. The antrix devas deal a deal was signed between antrix, the commercial wing of indian space research organisation and bengaluru based company, devas multimedia wherein antrix was to provide devas with the 70 mhz of the coveted sband space segment to devas for its digital multimedia services. India to appeal against hague tribunals verdict 27 jul, 2016, 02. Harisankar k sathyapalan, the dark matter in antrixdevas deal, the. Simultaneously, devas multimedia also initiated investorstate dispute resolution proceedings against antrix under the indiamauritius bit, as devas multimedia was backed by foreign investors. The central bureau of investigation cbi on wednesday carried out searches after registering a case to probe an alleged rs 578. The antrix devas deal had seen early exit of nair as chairman of isro as he was the chairman of the governing council of antrix when the deal was finalised. Government blacklisted former isro chief g madhavan nair and three other eminent space scientists from the government positions over the controversial antrix devas deal. Cbi on thursday questioned former isro chairman g madhavan nair in connection with the case registered by the agency for probing alleged rs 578crore wrongful gain to a.

The scam involves former isro chairman g madhavan nair and three other scientists who were responsible for a controversial contract between antrix corporation and devas multimedia private limited on january 28, 2005. The controversy erupted after the success of chandrayaan mission the former chairman of the indian space research organisation, g. Former isro chairperson g madhavan nair was today granted bail by a delhi court in the sensational antrix devas deal case in which a loss of rs 578 crore was caused to the exchequer. Court to take cognisance of chargesheet against exisro chief the cbi had filed an fir on march 16, 2015 against former isro chairman and others accusing them of facilitating. Cbi raids in connection with devasantrix deal news18. However, a story published in the hindu in february 2011 had brought out the impropriety in striking the deal with devas. Devas entered into a publicprivate partnership with antrix corporation antrix, a psu and commercial arm of the government of indias department of space dosindian space research organization isro, to create a unique, worldclass national system that leverages the distinctive capabilities of both organisations. Dispute resolution hotline nishith desai associates. A tribunal in the hague has now imposed a penalty on india, which press reports claim could rise up to a billion, on the antrix devas deals cancellation, deeming it an expropriation. Special judge virender kumar goyal directed nair, a bhaskar narayana rao, the t. If the antrix devas deal was a massive scandal, why are international arbitrations ruling against the.

Enforcement directorate files money laundering case. Isro, devas differ on contract conditions deccan herald. Devas multimedia initiated international commercial arbitration proceedings under an icc arbitration tribunal. Cag should expose scams, not manufacture them share, save, comment the international chamber of commerce has told antrix to pay devas penalty plus interest for acting in. The cbi had alleged that the antrix devas sband deal caused wrongful gain of rs 578 crore to devas multimedia pvt ltd and its owners. Pdf the dark matter in antrixdevas deal harisankar k.

As per the agreement, antrix was to provide 70 mhz of the scarce sband space segment to devas for its digital multimedia services. Under the deal, antrix was to provide 70 mhz of the scarce sband wavelength to devas for its digital multimedia services. During the proceedings, the cbi informed the court that two accused could not be served summons as they had settled in the us, and the process was still on to execute the summons to them. The deal was between antrix and devas, which was for essentially 70 mhz of spectrum in the s band which isro occupied or was given this spectrum by the government of india and this deal was reached between antrix, really the commercial arm of isro and devas supposedly for broadband multimedia usage. Antrix corporation limited acl, bengaluru is a wholly owned government of india company. Investment arbitration, mfn clause, new model indian bit. Statement feb 04, 2012 on hprc and hlt on antrixdevas. The pca tribunal also found that india breached its treaty commitments to accord fair and equitable treatment to devas s foreign investors, the company said in a statement. A special court has ordered issue of fresh summons for appearance of two usbased founders of startup firm devas multimedia ltd who are accused of money laundering in a 2005 deal with isro commercial arm antrix corporation. There were complaints about the manner in which the deal. Coronavirus in letter to pm modi, rahul gandhi offers suggestions to deal with exodus of migrant w. The delhi high court today allowed the appeal by antrix corporation ltd against the judgment of a single judge bench which had held that antrix s petitions before the bangalore city civil court, in relation to the arbitration dispute with devas, were not maintainable. Antrix is the commercial arm of indian space research organisation isro and a part of the government of india, and therefore the claim of expropriation.

The cbi concluded investigations into the antrix devas scam and registered a case against the accused in the antrix devas deal under section 120b, besides section 420 of ipc and section 2 read with 1d of pc act, 1988 on 18 march 2015 against the then executive director, antrix corporation limited, bengaluru. Dos puts forth annulment options on antrixdevas deal. A special court today summoned former isro chairman g madhavan nair and others as accused in the antrix devas deal case. Permanent court of arbitration rules against indian govt. Antrix is the marketing wing of isro and is fully owned by the government.

Ed files charges against former md of isro wing, five others the chargesheet for money laundering was filed earlier this month by the ed against six individuals including former antrix md k r sridhara murthi, two usbased directors of devas multimedia and four subsidiaries of devas multimedia located in bengaluru and the us. He later blamed the upa2 government for things going south in the deal. The antrix devas deal saw an early exit of nair as isro chairman since he was the head of antrix governing council when the deal was finalised in january 2005. Devas, a company operating in the satellite communication with former isro officers in its top management, had agreed to pay 300 million usd to antrix over the duration of the said lease period. Pmo blacklists exisro chief nair from government jobs new delhi, jan 25. In late 2009, some isro insiders exposed information about the devasantrix deal, and the. The prime ministers office has issued a statement claiming that no decision was taken by the government to allocate space segment using sband spectrum to antrix or devas. Permanent court of arbitration rules against indian govt antrix devas deal. The discord can be traced back to a leaked draft of a cag report on the deal pdf.

The deal between antrix and devas was signed in 2005 when g madhavan nair was at the helm of affairs in the department of space dos. All about the antrix devas deal and other related scams the antrix devas scandal is not the first time isro is weathering a scandal, and it wont be the last either. Report hints at collusive behaviour in antrix devas deal two governmentappointed committees, set up to scrutinise the antrix devas agreement, have highlighted serious procedural lapses on the part of, and policy violations by, senior scientists of the indian space research organisation isro, all of which benefited a private company. Under the deal, antrix was to provide 70 mhz of sband wavelength to devas for broadcasting purposes. The antrix devas deal had seen the early exit of g madhavan nair as. Exisro chief g madhavan nair granted bail by court. One is the nature of the contract itself, and the other the way contract was cancelled.