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HindustanTimes Thu,17 Apr 2014

Ex-ISRO chief can’t hold top posts: CAT

HT Correspondent, Hindustan Times  Thiruvananthapuram, March 08, 2013
First Published: 23:36 IST(8/3/2013) | Last Updated: 00:42 IST(9/3/2013)

The Central Administrative Tribunal on Friday dismissed former ISRO chairman G Madhavan Nair’s plea seeking quashing of the Centre’s decision to debar him from holding top government posts for his alleged role in the controversial Antrix-Devas deal.

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A probe by the central vigilance commissioner found serious irregularities in the deal under which Antrix, the commercial arm of the Indian Space Research Organisation, was to provide S-band spectrum to Devas Multimedia Private Ltd by leasing out transponders of two satellites to be built mainly for Devas.

The CAG estimated that the deal cause a loss of about Rs. 2 lakh crore to the exchequer and the deal was cancelled by the central government.

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