A special court in Bengaluru hearing a money laundering case against the Devas Multimedia founder has asked the ED to provide details of the government prescribed authority who can issue a notice under the Fugitive Economic Offenders Act, 2018.
The ED moved the court in June to declare Ramachandran Viswanathan, the founder-CEO of the liquidated satellite communications start-up firm Devas Multimedia Pvt Ltd, a “fugitive economic offender” in connection with a failed 2005 satellite deal with ISRO’s Antrix Corp.
The court has also sought details of the official email id of the accused to whom the notice of the initiation of the move must be communicated.
The court has given the ED a week’s time for “compliance” with provisions of Sections 10 (4) and (6) of the Fugitive Economic Offenders Act.
The declaration of an individual as a fugitive economic offender will allow the ED to seek confiscation of properties belonging to…
