Antrix-Devas Deal "Fraud Against Country": Sitharaman

Tuesday, 18 January 2022Newsdesk

Finance Minister Nirmala Sitharaman today said the Supreme Court's order on the 2005 Antrix-Devas deal was "proof of the Congress's misuse of power".

New Delhi, 18 January 2022

As per news report of NDTV, the case involves a satellite deal in 2005 between the Indian Space Research Organisation (ISRO's) commercial arm Antrix and the Bengaluru-based startup Devas Multimedia.The deal was cancelled later. A decade-long legal battle between Antrix and Devas ended with the Supreme Court on Monday ordering the winding up of Devas Multimedia saying, "It is a case of fraud of a huge magnitude which cannot be brushed under the carpet."The Supreme Court dismissed the appeal filed by Devas Multimedia.

Source - NDTV