LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Tuesday, 16 August 2016

12 AUGUST 2016

Ø  The Central Bureau of Investigation on Thursday filed a charge sheet against former ISRO Chairman G. Madhavan Nair and other senior officials in the Antrix-Devas deal case for allegedly facilitating a wrongful gain of Rs. 578 crore to Devas Multimedia Private Limited. The charge sheet has been filed in a Delhi court days after the commercial arm of ISRO, Antrix Corporation lost its case in the international tribunal of arbitration in The Hague over cancellation of the contract.
Ø  The Enforcement Directorate has readied a formal request to be sent to the United Kingdom under the Mutual Legal Assistance Treaty (MLAT) for the “transfer” of Kingfisher Airlines promoter Vijay Mallya to India in the Rs. 900 crore IDBI Bank loan default case. According to a senior official, the request has been prepared in consultation with legal experts. The 1995 treaty pertains to mutual assistance in the investigation and prosecution of crime and the tracing, restraint and confiscation of the proceeds and instruments of crime.

Ø  BRICS will be unable to launch its showpiece university in 2016 as foundational issues are yet to be resolved, highly placed diplomatic sources have told The Hindu. BRICS Network University (BRICS-NU) was first mooted in March 2015 and was scheduled to be launched in 2016. But the member countries — Russia, China, India, Brazil and South Africa — are yet to find common modalities for the unique venture. 

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