Advertisement

HindustanTimes Thu,21 Aug 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.

Advertisement

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.


Advertisement
more from India

HT far ahead of rivals, confirms fresh audit

This puts at rest, once and for all, the debate over the past six months wherein some readership figures had witnessed a dip compared to past surveys, thereby prompting some publishers to raise questions about IRS’ accuracy.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved