Advertisement

HindustanTimes Tue,30 Sep 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

Will pull out of Modi govt: Uddhav Thackeray

After dilly-dallying on the issue, Shiv Sena chief Uddhav Thackeray announced that party leader and Union minister Anant Geete, who looks after the heavy industries portfolio, will resign from the post.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved