It is known that many people who have committed crimes in India are moving abroad to escape punishment here. It is already known that many gangsters, underworld dons, financial criminals like Nirav Modi, Mohul Choksi, Vijay Mallya are fleeing from India and hiding abroad.
Indian investigative agencies are working hard to bring them back to their country. But it is not so easy to bring them back to India after completing the laws, investigation and other formalities.
Others have committed crimes abroad and fled to India.
Despite this.
A businessman of Indian origin Ramachandran ViswanathanIt is known that (Ramachandran Viswanathan) is currently absconding on charges of illegally earning income through his company. In this order, the court declared him as a financial criminal last week.
Going into details. US citizenship Ramachandran.Devas Multimedia(Dewas Multimedia) founder. Viswanathan is one of the 9 people who were booked by the Enforcement Directorate for money laundering in 2018. He is currently serving as the president of Omni Space, a satellite communication startup in the US. This company is experimenting with bringing together a group of satellites to provide 5G from space.

Whereas, in 2005, Ramachandran received 85% of the funds of Rs.579 crore belonging to Antrix Corporation, the commercial arm of the Indian Space Research Organization (ISRO). AmericaED has registered charges that he was diverted to (America). The court has declared him as a financial criminal as part of this case.

An agreement was reached between the two for Devas to use the services of two satellites launched by ISRO. Devas was subsequently liquidated by the National Company Law Tribunal.
CBI and ED immediately registered separate cases against Venu.

The satellite deal between ISRO and Devas was canceled in 2011. In 2018, the ED filed a charge sheet in this case. Subsequently, Devas and the foreign investors who had invested in it approached the International Arbitration Tribunal seeking compensation for the losses incurred.
They were awarded over a billion dollars in compensation by three arbitration tribunals in connection with the failed deal.The National Company Law Tribunal ordered Devas into liquidation in May 2021, arguing that it was fraudulently created.
This was also supported by the Supreme Court last year. In August of the same year, the Delhi High Court canceled the International Chamber of Commerce Tribunal award to pay 1.2 billion dollars compensation to Devas and foreign investors. The prosecutor on behalf of the ED said that Ramachandran is not cooperating with the ongoing investigation. BangaloreArguments were heard in the special court in. He argued that his properties should be seized and he should be declared a financial offender.

The bench responded positively to this along with giving notices to Viswanathan Non-bailable A warrant was issued.
It has also declared Ramachandran Viswanathan as an economic offender under Section 12 of the Fugitive Economic Offenders Act, 2018.
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