CBI registers case against ex-Antrix top official
19 March 2015 11:14 PM GMT
The CBI has registered a case against former executive director of Antrix Corporation Ltd, the marketing arm of ISRO, for allegedly giving undue favours to an “ineligible” private company, causing a wrongful gain of Rs 578 Crores to it.
Undue favours were allegedly given to M/S Devas Multimedia Private Limited - to deliver various cell phone services through GSAT-6 and GSAT-6A satellites in India.
Those who were named in the case are, KR Sridhara Murthi, former executive director of Antrix Corporation Ltd, R Vishwanath and MG Chadrashekar of US based Forge Advisors LLC and Devas Multimedia Pvt Ltd. Former ISRO chief Madhavan Nair had to resign after the matter came to the light.
“The accused persons had given the rights to the ineligible company for delivery of video, multimedia and information services to mobile receivers in vehicle and mobile phones via S-band through GSAT-6 and GSAT-6A and terrestrial systems in India and thus caused wrongful gain of Rs 578 crores to Devas Multimedia and its owners. Raids are being conducted in Bangalore,” CBI statement reads.
Earlier, on May 31, 2014, Millennium Post was first to report that Prime Minister Narendra Modi had asked for the files related to scams involving ISRO’s commercial arm Antrix Corporation and Devas Multimedia. There was allegation that ISRO had allocated 70 MH of S-band spectrum for a 20 years period to Devas.
Undue favours were allegedly given to M/S Devas Multimedia Private Limited - to deliver various cell phone services through GSAT-6 and GSAT-6A satellites in India.
Those who were named in the case are, KR Sridhara Murthi, former executive director of Antrix Corporation Ltd, R Vishwanath and MG Chadrashekar of US based Forge Advisors LLC and Devas Multimedia Pvt Ltd. Former ISRO chief Madhavan Nair had to resign after the matter came to the light.
“The accused persons had given the rights to the ineligible company for delivery of video, multimedia and information services to mobile receivers in vehicle and mobile phones via S-band through GSAT-6 and GSAT-6A and terrestrial systems in India and thus caused wrongful gain of Rs 578 crores to Devas Multimedia and its owners. Raids are being conducted in Bangalore,” CBI statement reads.
Earlier, on May 31, 2014, Millennium Post was first to report that Prime Minister Narendra Modi had asked for the files related to scams involving ISRO’s commercial arm Antrix Corporation and Devas Multimedia. There was allegation that ISRO had allocated 70 MH of S-band spectrum for a 20 years period to Devas.
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