FM: Govt to target properties owned by promoters of Dewas – Times of India

New Delhi: A day after the Supreme Court’s decision, FM Nirmala Sitharaman attacked on tuesday Congress for “frauding the country” in Devas signs deal with Antrix, and added that it will move aggressively and target assets owned by the company’s promoters in India and abroad.
This indicates that the decision by the SC, which established the fraud Of course and given to move on Liquidation of Devas Multimedia, will be used to defend claims abroad. Simultaneously, the Ministry of Corporate Affairs will also use a rare provision of the Companies Act for liquidation of the company to recover the dues. you need promoters,
Finance Minister Nirmala Sitharaman said, “It was a fraud by Congress, by Congress and for Congress. It is Congress’s turn to explain. It is a master game player.” Rare S-band of spectrum even when the plan was not approved by the cabinet, something that was noted by ministers Manmohan Singh The government hastily scrapped the deal after disclosing the details. He also accused the lead UPA The player to be the “master of corruption” ahead of crucial assembly elections in five states including UP and Punjab.
The “space spectrum scam” was successfully exposed by the BJP, with allegations of corruption related to allocation of 2G spectrum, coal blocks, asserting that the Department of Space, which oversees ISRO, was the PMO. was under. “Such primary endowments like sale of wavelength, satellite or spectrum bands, giving it to private parties and earning money from private parties and deal if this is the specialty of Congress government,” Sitharaman said. Sources said that before the cabinet approved the satellites, 90% of the rights were given to a private company, which had promised to pay ISRO $11 million annually, but until the deal was scrapped by the UPA. Not even a penny” was paid. on one’s own. Officials said the agreement was void “starting now” as it was signed by a clerk working with a chartered accountant from Dewas. In addition, the company was given rights to use S-band, which is of strategic importance, for “little money”, Sitharaman said.
Referring to the Supreme Court order, the FM said that Dewas “grabbed” a major chunk of money outside the country while he made claims in various courts. In addition to a loss of $1 billion, in addition to payments of more than $200 million under bilateral investment treaties. He said that despite ICC’s request and government’s reminder, Antrix did not even appoint an arbitrator, leaving it to the Modi government to protect taxpayers’ money.
“The Modi government is fighting in every court to ensure that the fraud does not go away,” he said, adding that he would hold inter-ministerial discussions to decide the future course of action to defend the claims made by the company. Will do
However, government officials said courts in other countries would follow the Supreme Court’s order.
Last week, Dewas revealed that a Paris court approved his petition claiming rights over the Paris apartment in September 2021, which houses India’s deputy head of mission.

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