Spl Court declares Devas Multimedia CEO a Fugitive Economic Offender

Updated: Jun 10 2023 10:53AM

Bengaluru, Jun 10 (PTI) A Special Court in Bengaluru has declared Ramachandran Vishwanathan, the Chief Executive Officer (CEO) of Devas Multimedia Private Limited as a Fugitive Economic Offender (FEO).

He is one of the nine accused in a Prevention of Money Laundering Act case filed by the Directorate of Enforcement (ED).

In the 2018 case, the nine are accused of diverting 85 per cent of the Rs 579 crore received from ISRO's commercial arm Antrix Corporation to the USA.