Devas CEO Ramachandran Vishwanathan declared fugitive economic offender

Ramachandran Vishawanathan, the Chief Executive Officer (CEO) of Devas Multimedia Private Limited, has been declared as a fugitive economic offender by a special court here.

The 21st Additional City Civil and Sessions Judge, the special judge for CBI cases on Thursday declared Vishwanathan a Fugitive Economic Offender (FEO) while allowing an application filed by the Enforcement Directorate (ED) under Section 4 read with Section 10 and 12 of Fugitive Economic Offenders Act, 2018

Vishwanathan is one of the nine accused in a money laundering case filed by the ED in 2018. They were accused of diverting 85 per cent of the Rs 579 crore received from Indian Space Research Organisation’s (ISRO) commercial arm Antrix Corporation to the US.