WEBNov 17, 2023 · The nation's Directorate of Revenue Intelligence, or DRI, which is part of the finance ministry, has again reiterated its request to India's Supreme Court to revive an investigation that began in 2015 into an Adani Singapore entity and the alleged overinvoicing of imported coal by billionaire Gautam Adani's companies, according to an .
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WEBAug 30, 2023 · The DRI sent demands for information about Adani just before Modi took office in May 2014, after a campaign in which he crisscrossed the country in an Adani jet and helicopters.
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WEBJun 21, 2019 · The Directorate of Revenue Intelligence has accused Adani Enterprises Limited of trying to obstruct its investigation into the overvaluation of coal imports by some group firms, The Indian Express ...
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WEBNov 18, 2023 · The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to gather evidence from Singapore. In 2016, the tax intelligence agency had issued a circular, asserting that .
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WEBOct 19, 2023 · Adani imported coal at higher than market value, Indians paid ₹582 cr: Report ... 2016. The FT's brazen agenda is exposed by the fact that they have singled out the Adani Group, while the DRI's Circular, the raison d'etre for the whole story, mentions as many as 40 importers, including the Adani Group companies, said the report. ...
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WEBThe Directorate of Revenue Intelligence (DRI), since 2016, has been trying to procure transaction documents related to Adani's dealings from Singapore authorities.
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WEBJan 9, 2024 · The CPIL's counsel had earlier informed the court that the DRI had in March 2016 identified 40 power companies that overinvoiced coal imported from Indonesia. The CPIL has alleged that coal and equipment required for power generation in India are bought from Original Equipment Manufacturers (OEMs) through a foreign intermediary company .
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WEBJan 8, 2020 · The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal imports between 2011 and 2015. A bench headed by Chief Justice Bobde on ...
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WEBDec 19, 2023 · In 2016, the agency had issued a circular alleging that Adani Group companies were being investigated for "artificially inflating" coal imports from Indonesia to siphon off money abroad and to ...
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WEBOct 18, 2019 · The Directorate of Revenue Intelligence is investigating at least 40 companies for alleged overvaluation of coal imports from Indonesia between 2011 and 2015.
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WEBJan 9, 2024 · A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the Commissioner of Customs (Import) in a matter involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its December 19, 2023 directions to the CBI and DRI in respect of Adani Group .
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WEBJun 21, 2019 · The DRI affidavit said that AEL moved the Bombay High Court to question the issuance of LRs only after a Singapore court allowed India's request to access documents that allegedly contain "clinching evidence" against Adani Group's "blatant" hike in prices of imported coal for "siphoning" money and "increasing" the cost of power sold .
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WEBNov 17, 2023 · Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to .
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WEBMay 22, 2024 · Arappor Iyakkam, a Tamil Nadubased NGO that has been fighting for accountability in the alleged coal scam, estimates that the state's power company TANGEDCO overpaid Rs 6,000 crore (720 million at today's exchange rate) for coal from all vendors between, during which nearly half the value of its tenders were .
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WEBFeb 12, 2023 · Case #4: Period under Investigation: 2011 to 2016 — Overinvoice Indonesian Coal Imports In another investigation by the DRI, Adani Group was said to be involved in INR 290 Billion ( ~ Bn) scam to overinvoice Indonesian Coal Imports, transferring costs to taxpayers. NEW FROM US:
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WEBMay 22, 2024 · The DRI has filed an appeal in the Supreme Court. The Arappor Iyakkam said that its request for an investigation into the coal import scam by Tangedco, wherein Adani group had sold lowquality ...
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WEBAdani suspected of fraud by selling lowgrade coal as highvalue fuel on facebook (opens in a new window) Adani suspected of fraud by selling lowgrade coal as highvalue fuel on linkedin (opens ...
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WEBOct 10, 2023 · Having failed earlier, a foreign publiion is "making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of overinvoicing of coal imports," Adani Group said in a statement. It said the proposed story by the publiion is based on the DRI's General Alert Circular dated March 30, 2016.
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WEBJan 8, 2020 · In October last year, the Bombay High Court ruled in favour of Adani Enterprises Ltd (AEL) and quashed all Letters Rogatory (LRs) sent by the DRI, halting the investigations by the agency which were going on since 2016. The DRI was probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), .
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WEBJan 9, 2024 · A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the Commissioner of Customs (Import) in a matter involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its December 19, 2023 directions to the CBI and DRI in respect of Adani Group .
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WEBMay 22, 2024 · The inquiry into allegations of over valuation of Indonesia coal imports, it said, was initiated against 40 companies. "The Adani companies furnished details sought by the DRI more than four years ago. Thereafter, the DRI has not asked for further documents. Nor has the DRI communied any deficiency or objection."
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WEBThe petitioners had referred to show cause notices issued by the DRI dated May 15, 2014 and March 31, 2016 that spoke of various entities of the two corporate giants indulging in gross over ...
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WEBFeb 21, 2019 · The DRI probe against Adani and other firms began, after the agency issued a general alert to its field formations across India in March 2016, outlining the modus operandi of overinvoicing of coal imports from Indonesia.
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WEBOct 18, 2019 · In a major relief to Adani Enterprises Limited (Adani), the Bombay High Court on Thursday set aside all Letter Rogatory (LRs) issued on the request of the Directorate of Revenue Intelligence (DRI) to Singapore and other countries to investigate the Adani Group firms for the alleged overvaluation of Indonesian coal imports between .
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WEBJan 10, 2024 · The high court's December order was passed while disposing of two petitions filed in 2017 by NGO Centre for Public Interest Litigation (CPIL) and former bureaucrat and social activist Harsh Mander. The petitioners had referred to show cause notices issued by the DRI dated May 15, 2014 and March 31, 2016 that spoke of various .
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