South Asia and Beyond

Antrix-Devas Deal ‘Fraud Of Huge Magnitude’

A UPA-era scandal came to an end with the Supreme Court ordering the winding up of Devas Multimedia, describing its satellite deal with ISRO’s commercial arm Antrix a “case of fraud of a huge magnitude”.  The deal was cancelled in 2011 but Devas went to the courts and a decade-long battle ensued.