Devas-Antrix deal: ED serves summons to US-based executive

The Enforcement Directorate (ED) has served summons to the Founder CEO of a Bengaluru space start-up and the firm’s US subsidiary through diplomatic channels to facilitate the start of a trial in a money laundering case over three years after filing a chargesheet against them.

The money laundering case arose out of a failed satellite deal in 2005 between Devas Multimedia and ISRO’s Antrix Corporation.

The ED informed a special court in Bengaluru about the serving of summons on Ramachandran Vishwanathan, Founder CEO of Devas Multimedia, and Devas Multimedia America Inc (DMAI), the US subsidiary.