Devas Multimedia

Devas Multimedia News

Antrix-Devas case: Rs 1,585 crore penalty slapped on Devas Multimedia

It was alleged in an FIR that the lease was given in violation of rules, causing an undue gain of Rs 578 crore to Devas Multimedia, and a corresponding loss to the exchequer. The CBI filed its chargesheet in the case in 2016.

Antrix opposes Devas plea over tribunal award in HC

The Paris-based ICC's arbitration body had asked Antrix to pay damages worth $672 million to Devas Multimedia for “unlawfully” terminating the deal, citing national security.


Successor K Radhakrishan ‘misled govt’ on Devas Multimedia deal: Ex-ISRO chief Nair

Those who took arbitrary decisions should be held responsible for losses space agency would incur: Nair

Antrix-Decas deal: ED registers PMLA case against Devas Multimedia

The deal, which dates back to 2005 when the department of space portfolio was held by then PM Manmohan Singh, was later cancelled.

Devas Multimedia comes under ED scanner

The ED has written to the Central Bureau of Investigation (CBI) for details of a case of cheating, criminal conspiracy and corruption.

Devas Multimedia claims Rs 9,000 cr in damages from ISRO

Devas has already initiated arbitration proceedings against Antrix Corporation.


Devas deal: CAG report indicts ex-ISRO chief

A CAG audit,that specifically examined this 2005 agreement,has concluded that “undue favours” were extended to the Bangalore-based Devas Multimedia by the DoS that “bypassed several important controls”.

SC stays Devas arbitration proceedings against Antrix

Court listed it for 'further discussion',but arbitration proceedings have been derailed for now.

Devas board chairman steps down

The reshaping of the Board was clearly seemed to be an attempt at enabling the company to negotiate a successful resolution of its dispute with Antrix,they said.

Top scientist quits space panel over ISRO blacklisting

It had also debunked the theory of loss to the national exchequer due to spectrum sale.