Ed attaches assets over rs 79 crore under pmla we have attached rs 79,76,00,041 under the prevention of money laundering act pmla in case of devas multimedia ltd. Government has cancelled the deal which of the above statements isare correct. Indian government may have to shell out over a billion dollars in damages to bengalurubased devas multimedia, after an international court of arbitration ruled in favour of the. The scam involves former isro chairman g madhavan nair and three other scientists who were responsible for a controversial contract between antrix corporation. Devas agreement allowed devas to provide multiple services such as 4g. Even as cbi is probing alleged irregularities in the antrix devas spectrum deal and plans to examine former isro chairman g madhavan nair, the former space scientist has defended his. As per the agreement, antrix was to provide 70 mhz of the scarce sband space segment to devas for its digital multimedia services.
The aim of virtual labs is to enable university students to perform their required laboratory experiments using only a standard computer and internet, thereby allowing sharing of costly equipment. Report on hybrid satellite digital multimedia broadcasting service agreement with devas 26 chapter 3 undue favours to devas 3. An application under section 114 read with section 1110 of the. Antrix may terminate this agreement at any time if devas is in the material breach of any provisions of this agreement and devas has failed to cure and breach within three months after. The cbi on monday told a court here that it has got sanction to try three former isro officials including exchairman g. The cbi on thursday filed a chargesheet in the antrixdevas deal case.
Oct 08, 2015 at the heart of the matter is an agreement that antrix corporation, a governmentowned company that acts as the commercial arm of isro, signed with bangalorebased devas multimedia in 2005 for a 12year lease of 90% transponder space on two satellites, gsat6 and gsat6a that were yet to be launched then. Coronavirus in letter to pm modi, rahul gandhi offers suggestions to deal with exodus of migrant w. Pocso act 2012 protection of children from sexual offences. Planetiq signs weather satellite launch contract with. He was the chairman of the governing council of antrix when the deal was finalized. Speaker sir, with your kind permission, i rise to present the budget for the year 201112.
The book ensures that the students learn the major data. Committee submits report on devas sband deal health ministry, mci oppose foreign varsity bill karnataka to pioneer telefiling of rti petitions fencing along indobangladesh, indopak borders continues no proposal to amend article 72 on mercy petition upsc, canada psc sign mou to promote best practices. Exisro chief, officials chargesheeted on business standard. A fivemember team that probed a controversial deal between indian space research organisation isro commercial arm antrix corporation and devas multimedia has concluded that former chairman of the space agency, g. The startupwas to provide express news service bengaluru. Sep 17, 2017 the probe agency had alleged that through the deal, isros commercial arm antrix had facilitated illegal profits worth rs 578 crore to a private multimedia company, devas.
Pca tribunal holds india liable for unlawful expropriation and fet. The claimants singaporean subsidiary, deutsche telekom asia, has a 20% stake in indian firm devas multimedia, which had entered into. Health and highqualityhealthcare is part of the european social model, built on. Indiadelhi court upholds appeal in satellite contract. Former isro chief madhavan nair chargesheeted in antrixdevas deal 11 aug, 2016, 01. Dec 21, 2016 a court here on tuesday fixed february 1 as the next date to consider the chargesheet filed in the devas antrix deal case after the cbi sought adjournment because government sanction to try. May 01, 2017 the cbi on monday told a court here that it has got sanction to try three former isro officials including exchairman g. There were complaints about the manner in which the deal was entered into. Indiadelhi court upholds appeal in satellite contract dispute. The central bureau of investigation cbi has filed a chargesheet g madhavan nair, former chairman. Cbi files case against senior officials it is alleged that the agreement caused a wrongful gain of rs 578 crore to. The story of a rs 4,400 crore fiasco at isro explained. He later blamed the upa2 government for things going south in the deal. Dos, responsible for the preparation, negotiation, management and enforcement of a contract.
Cbi files case against senior officials it is alleged that the agreement caused a wrongful gain of rs 578 crore to devas and its owners. Bridging research evidence and policy options abstract corruption has become an increasingly salient issue in india today, spawning enormous interest from the media as well as a large amount of academic research. Mar 01, 2019 antrix devas deal pdf please click on the reason for your vote. On february 17, 2011, a decision taken by the cabinet committee on security ccs was announced by the state press information bureau under the heading, ccs decides to annul antrix deal.
Devas multimedia initiated international commercial arbitration proceedings under an icc arbitration tribunal. Even as cbi is probing alleged irregularities in the antrixdevas spectrum deal and plans to examine former isro chairman g madhavan nair, the former space scientist has. Antrix did not file an answer to devas request for arbitration or. June 2011 senior management team is set up with officials from dosisro antrix to resolve the issue with devas.
Devas yet to file case against antrix over deal annulment. Devas agreement was a case where an employee of one organization, i. Devas agreement raises a number of issues with regard to. Latest current affairs february 2012, national current affairs february 2012, international. The story of a rs 4,400 crore fiasco at isro explained news. It was an utterly corrupt deal that exposed our premier space agency coming directly under the prime minister as being involved in gross financial malfeasance, in almost throwing away precious s band spectrum for a song to devas multimedia. Yet, there is a large gap between what has captured the medias attention.
Statement feb 04, 2012 on hprc and hlt on antrixdevas. It was an utterly corrupt deal that exposed our premier space agency coming directly under the prime. The protection of children from sexual offences act, 2012 pocso aims to safeguard children from being victims of sexual violence. Dec 23, 2017 a delhi court has issued summons to a former director of devas multimedia pvt. A fivemember team that probed a controversial deal between indian space research organisation isro commercial arm antrix corporation and devas multimedia has concluded that former chairman of the. 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. The central bureau of investigation cbi has filed a chargesheet g madhavan nair, former chairman, indian space research organisation isro, former additional secretary in the department of space and former executive director of antrix. A criminal case under the prevention of money laundering act has been filed by the agencys zonal office in bengaluru. Hannah wells has finally found someone who turns her on. Report on hybrid satellite digital multimedia broadcasting service agreement with devas 48 the antrix. Antrix may terminate this agreement at any time if devas is in the material breach of any provisions of this agreement and devas has failed to cure and breach within three months after receiving notice from antrix regarding such breach, or non payment of the lease fees and other charges such as spectrum monitoring charges by devas for a.
Antrix corporation limited acl, bengaluru is a wholly owned government of india company under the administrative control of the department of space. Devas files statement of claim before icc seeking either performance of. Oct 10, 2016 under the deal, antrix was to provide 70 mhz of the scarce sband wavelength to devas for its digital multimedia services. There were complaints about the manner in which the deal was. Ed files money laundering case on business standard. Cbi files chargesheet against former isro chief madhavan nair the cbi on thursday filed a chargesheet in the antrix devas deal case naming exisro chairman g madhavan nair and. Cbi files chargesheet against former isro chief madhavan nair india august 12, 2016 7. It was incorporated in september 1992 commercially exploiting isros space products, providing technical consultancy services and transferring technologies developed by indian space research organisation to industry.
The dispute concerns the annulment of a contract, entitled. However, the act remains obscure in our country due to. Antrix corporation limited acl, bengaluru is a wholly owned government of india company. The antrixdevas multimedia agreement pdf the hindu. What i consider to be material events are those which lead ultimately to the action taken by the ccs. On february 17, 2011, a decision taken by the cabinet committee on security ccs was announced by the state press information bureau under the heading, ccs decides. Antrixdevas deal under scanner because pmo panicked after 2g.
There is a need to recognise and deal with conflict of interest issues. In late 2009, some isro insiders exposed information about the devasantrix deal, and the. Antrixdevas space odyssey continues the sunday guardian. Chapter 3 undue favours to devas pdf file that opens in new window.
Shes about to make a deal with the college bad boy. Cbi files chargesheet in antrixdevas deal, names exisro chief. Indiadelhi court upholds appeal in satellite contract dispute antrix v devas send to email address open help options for email address you can send the message to up to 4 other recipients. A court here on tuesday fixed february 1 as the next date to consider the chargesheet filed in the devasantrix deal case after the cbi sought adjournment because government sanction to. Chapter 4 governance and conflict of interest issues. The probe agency had alleged that through the deal, isros commercial arm antrix had facilitated illegal profits worth rs 578 crore to a private multimedia company, devas. Response from devas in response to reports on the spectrum deal, devas multimedia, in a response sent by email, stated thus. The enforcement directorate ed has registered a money laundering case to probe alleged rs 578 crore wrongful gain to private multimedia company devas by antrix, the commercial arm of isro. Dec 20, 20 the protection of children from sexual offences act, 2012 pocso aims to safeguard children from being victims of sexual violence.
Devas had paid antrix around rs 56 crore upfront towards the cost of the gsat6 satellite in the coveted sband, and its launch. The controversy pertaining to the amended provisions of section 36 of the arbitration and conciliation amendment act, 2015 the amendment act has finally seen the dawn of the day, settling the existing ambiguity with regard to section 36 and the mishmashes arising out of the judgment of delhi high court hc titled, ardee infrastructure pvt. The deal involved launch of devas built satellites by antrix corporation 2. Meanwhile, the bk chaturvedi panel submitted its report on the antrix devas deal. The deal was annulled after a preliminary estimate of the. Health and highqualityhealthcare is part of the european social model, built on essential values such as solidarity, and should be actively developed 4. 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. Consider the following statements about the deal between antrix corporation and bangalorebased devas. May 2011 high level team hlt is formed with former cvc as chairman. Antrixdevas deal under scanner because pmo panicked after. 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.
Under the deal, antrix was to provide 70 mhz of sband wavelength to devas for broadcasting purposes. Aug 24, 2016 antrix is involved in marketing isros products and services in the international sphere. An application under section 114 read with section 1110 of the arbitration and conciliation act, 1996, hereinafter referred to as the1996 act, has given rise to an important question of law relating to the scope and ambit of the powers. Page 2 of 4 with the files concerning the antrixdevas agreement and the. The cbi today filed a charge sheet in the antrixdevas deal case naming ex isro chairman g madhavan nair and other senior officials who. Indiadelhi court upholds appeal in satellite contract dispute antrix v devas. Report of the comptroller and auditor general of india on. Committee submits report on devas sband deal health ministry, mci oppose foreign varsity bill karnataka to pioneer telefiling of rti petitions fencing along indobangladesh, indopak borders. Comparison of antrixdevas contract with other transponder lease. Antrix is involved in marketing isros products and services in the international sphere. February 2012 devas files statement of claim before icc seeking either performance of the agreement by antrix, or a. June8 efforts by the cbi and ed to bring to trial two top officials of startup devas. The cbi filed a chargesheet against former isro chairman g madhavan nair and others for causing a loss of rs 578 crore to the government in a deal between private multimedia company devas and antrix, the space agencys commercial arm. Download the deal txt read information about the author a new york times, usa today and wall street journal bestselling author, elle kennedy grew up in the suburbs of toronto, ontario, and holds a b.
Current affairs february 2012 for bank exams, civil services and other competitive exams. In january 2005, antrix and devas entered into a contract. Under the deal, antrix was to provide 70 mhz of the scarce sband wavelength to devas for its digital multimedia services. Madhavan nair, and three other scientists were responsible for the contract. Consider the following statements about the deal between antrix corporation and bangalorebased devas multimedia. Antrix corporation limited antariksh bhavan campus near new bel road bangalore india pin code. Former isro chief madhavan nair chargesheeted in antrix devas deal 11 aug, 2016, 01. All about the antrixdevas deal and other related scams the antrixdevas scandal is not the first time isro is weathering a scandal, and it wont be the last either.
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