 "Antrix loses case against Devas, ordered to pay $672 mn as damages")
The Enforcement Directorate (ED) on Tuesday attached assets worth nearly Rs 80 crore of Devas Multimedia Ltd under the Prevention of Money Laundering Act (PMLA), saying three directors of the satellite services provider had admitted to criminal conspiracy against India's space agency over the alleged deal to lease a satellite.
The amount was what Devas had collected as fee to reserve space on a satellite that was to be leased by Antrix Corp, the commercial arm of the Indian Space Research Organisation (Isro).
ED had taken over the case based on a CBI FIR which alleged that Devas had illegally
