“Antrix-Devas deal was a fraud against India,” says FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman held a press conference on Antrix-Devas issue.

Union Finance Minister Nirmala Sitharaman addressed a press conference on January 18 in the national capital to discuss the Antrix-Devas issue, concerning the Antrix plea to liquidate Devas multimedia and the implications of the recent Supreme Court order.

Sitharaman accused the Congress-led UPA of misusing power to give away the S-Band spectrum, used for national security purposes, for 2005 Antrix-Devas. FM said “There was blatant selling of India’s resources when the Congress party was in power, and the Union Cabinet was not even aware of the deal. A sitting UPA minister was arrested in the scandal related to the deal later.”

The Union Finance Minister addressed the media on the Antrix-Devas case besides Minister of State for Corporate Affairs Inderjit S Rao and Rajesh Verma, Secretary, Corporate Affairs.

She started the conference by saying “I want to draw everyone’s attention on the Supreme court order on the Antrix-Devas case. The SC has upheld the NCLAT and NCLT order to liquidate Devas and the SC order is very Comprehensive”.

The Supreme Court had on January 17, trashed an appeal filed by Devas Multimedia challenging an order to dissolve the company. A bench comprising Justice Hemant Gupta and Justice V Ramasubramanian dismissed the appeal filed by Devas Multimedia Pvt Ltd.

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