With an aim of identifying individuals responsible for the controversial Antrix-Devas deal, the Prime Minister, Dr Manmohan Singh, has ordered a new inquiry by former Central Vigilance Commissioner, Mr Pratyush Sinha.
The Sinha panel has been set up in pursuance to the recommendations of the B.K. Chaturvedi committee that went into the technical, commercial, procedural and financial aspects of the agreement between ISRO's commercial arm Antrix and Devas.
The Sinha Committee has been asked to look into matters of individual culpability and fix responsibility, if any, and submit a report by July end, the sources said. According to the deal, signed when Mr G. Madhavan Nair was at the helm of affairs in the Department of Space, Antrix was to provide 70 MHz of the scarce S-Band space segment to Devas for its digital multimedia services.
This was to be done by leasing 90 per cent of the transponders in satellites GSAT-6 and GSAT-6A that are proposed to be launched by ISRO. Devas, in turn, was to pay Antrix a total of $300 million over 12 years.
After news reports about the possible revenue loss appeared, the Government said the project was already under review and action has been initiated for termination of the contract.
The Government annulled the deal on February 17.