The case relates to leasing of S-Band, a restricted wavelength of the INSAT satellites to deliver video, multimedia and information services to mobile receivers in vehicles and mobile phones to Devas Multimedia by Antrix. New Delhi: A special court will next month take cognisance of a chargesheet filed against former ISRO chairman G. Madhavan Nair and others in the Antrix-Devas deal case. The agency had on 1 May informed the court that the sanction to prosecute Nair and others—A. It was alleged in the FIR that the lease was given in violation of the rules, causing an undue gain of Rs578 crore to Devas Multimedia and corresponding loss to the exchequer. Two directors of Devas Multimedia D. Venugopal and M. Umesh were also named in the charge sheet as accused.

Source: Mint August 20, 2017 06:00 UTC