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While we wait to see how foreign courts respond to the SC's findings, the Indian government must expedite investigations and press for a quick trial.
Nirmala Sitharaman in a press conference said that deal between ISRO`s commercial arm Antrix and Devas Multimedia was signed in 2005 is a "fraud against the country."
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Finance Minister Nirmala Sitharaman on Tuesday said the satellite deal between ISRO's commercial arm Antrix and Devas Multimedia signed in 2005 under the Congress-party led government was a fraud and has caused huge damage to the exchequer.
A private company in 2005 came up with an offer to start a bouquet of multimedia and telecom services and got into an agreement with Antrix Corporation, the commercial wing of state space agency, Indian Space Research Organisation (ISRO), and made a deal of leasing out two of ISRO's satellites, GSLV-6 & GSLA-6A, for private services at a throw-away price.