Scam Amount 2 Lakh Crore – CAG Expose
Updated on Thursday, February 17, 2011 –
Everyday we have sunset with a new Scam and new information about Corruption.
And this congress government has not brought a single new law or amendment to stop this Corruption.
The CAG was probing the ISRO and looked into an agreement between ISRO's commercial company Antrix and Devas Multimedia.
The company is headed by Dr MG Chandrasekhar, former scientific secretary at ISRO.
Firstly the agreement was made for or related to launching two satellites by ISRO for Devas.
In this contract the Hidden benefit was given to Devas regarding scare S band.
The use of 70 MHz of the scarce S-band spectrum over a 20-year period.
S-band spectrum was given at throwaway prices to Devas in 2005.
It’s reported that the 70MHZ spectrum was sold at only 1000 Crore.
And estimated price of this S band spectrum is Rs. 2 Lakh Crore
In India only total band available is 190 MHz of the S-band
Currently 150 MHz is with the Department of Space
And 70 MHz of this was allotted to Devas multimedia.
As per Reports Under the deal, Devas Multimedia is to get access to 70 MHz of broadband spectrum in the 2500 MHz band. This was once used by Doordarshan to deliver programmes by satellite to all parts of the country.
According to the report, the CAG wants to know -
1.Why was Devas Multimedia allotted S-band spectrum, without inviting any bids?
2.Why resources were were diverted from ISRO's budget to private satellites?
3.Why regulators were not informed of the implications of the deal?
The CAG estimated that not auctioning off the S-band spectrum caused the exchequer losses of at least Rs 2 lakh crore.
Again Government property was sold without auction.
This is reason we need to change law or amend law and need to introduce the law,
Law – No one is allowed to sale government property without open auction with 1 month of notice to Indian Public.
The Department of Space is part of Prime Ministers office.
Department of space comes directly under the PM
ISRO reports to the Department of Space (DoS), which in turn reports to the Prime Minister's Office.
"The agreement entered by Antrix, the commercial arm of ISRO, and M/S Devas on January 28, 2005 is already under review by the Department of Space and a decision on the matter will be taken soon".
I hope that agreement will be cancelled for the benefit of India.
Updated on Friday, February 11, 2011 –
In 2005, the commercial arm of ISRO, Antrix, signed a contract with Devas Multimedia
Devas says it is totally unaware of this.
In a statement today, the company stressed, "Devas has never been informed by DOS/ISRO/Antrix at any time prior to February 8, 2011 that the Agreement was under review since December 8, 2009 and even to date we have received no official notices.
On the contrary Devas was provided written confirmation that all required approvals had been obtained from the highest levels for giving effect to the Agreement and repeatedly assured that the delays in delivery of the satellite capacity were only on account of technical issues."
The Cabinet Committee on Security decided to terminate the controversial deal between ISRO's commercial wing Antrix and Devas citing national security.
"The deal between the Devas and Antrix shall be annulled. We concluded that this deal can be annulled. Government cannot afford to grant the S-Band to any one including Antrix because of strategic reasons," said Law Minister Veerappa Moily.
Reality views by sm –
Monday, February 07, 2011
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