WEBAdani coal import case: SC allows DRI to restart probe. The apex court stayed the October 17, 2019 judgment of the Bombay high court which granted relief to Adani by quashing the letters rogatory ...
WEBNEW DELHI, Nov 17 (Reuters) 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 ...
WEBNov 2, 2019 · The Bombay High Court order of October 17 in the case of the Adani group has farreaching legal impliions that threaten to jeopardise the evidencegathering process of our law enforcement agencies and has the potential to destabilise many ongoing highprofile cases. The writ petition pertains to the suspected overinvoicing of coal .
WEBIn early February 2023, the Directorate of Revenue Intelligence (DRI) of the Ministry of Finance moved the Supreme Court against an Appellate Tribunal's order quashing DRI's case alleging overinvoicing of coal supplies procured by three Adani Group companies. The DRI's case, reported in September 2021 by AdaniWatch, alleged that the ...
WEBFeb 10, 2023 · Earlier, in November, the agency had filed a similar appeal in connection with the relief granted to two other Adani group subsidiaries, Adani Power Maharashtra Ltd (APML) and Adani Power Rajasthan Ltd (APRL) in a similar case. ... On February 3, replying to ET's queries on the DRI's appealsfiled in November, an Adani group .
WEBNov 16, 2019 · The DRI has alleged that several entities, including the Adani group, through a maze of companies in different sovereign jurisdictions, have overvalued coal imports as compared to actual export ...
WEBFeb 20, 2019 · The Directorate of Revenue Intelligence (DRI) has moved the Supreme Court to challenge the Bombay High Court (HC) order that restrained the agency from seeking foreign counterparts' assistance in its probe against a few firms of the Adani group for alleged overvaluation of Indonesian coal imports.
WEBDec 19, 2023 · The Delhi High Court on Tuesday ordered the Directorate of Revenue Intelligence (DRI) and the Central Bureau of Investigation (CBI) to "meticulously and expeditiously" look into the allegations of overinvoicing by power companies belonging to the Adani Group, Essar Group and others [Centre for Public Interest Litigation and Anr v .
WEBNew Delhi, Dec 19 (PTI) The Delhi High Court on Tuesday asked the CBI and the Directorate of Revenue Intelligence (DRI) to "meticulously and expeditiously" look into allegations of overinvoicing ...
WEBAug 29, 2018 · Recently, a lower court of Singapore asked the Adani Group to produce at least 24 documents pertaining to its business in importing coal from Indonesia. The direction was in response to the request made by the DRI through LR – a formal request seeking judicial assistance. When Adani Global Private Limited approached the .
WEBJan 10, 2024 · The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence to "meticulously and expeditiously" look into allegations of overinvoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the .
WEBOct 13, 2023 · The Adani group has been rocked by another damning report that claims it imported billions of dollars of coal at prices well above market prices, igniting suspicion that the country's largest private importer of coal has been inflating fuel costs and forcing consumers and businesses to overpay for electricity.
WEBIndian 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 ...
WEBJan 6, 2024 · The HC order came on an appliion filed by Adani Power seeking recall of the HC's December 19 order that directed the CBI and Directorate of Revenue Intelligence to meticulously and expeditiously look into the allegations of over invoicing of coal imports and equipment by various companies including, Adani Group and Essar Group, to .
WEBNov 17, 2023 · Indian investigators seek Supreme Court permission to restart a probe into Adani Group's alleged coal import overvaluation. The Directorate of Revenue Intelligence aims to collect evidence from Singapore, accusing Adani of thwarting efforts. Adani denies wrongdoing, facing wider scrutiny since Hindenburg Research's accusations. Legal .
WEB25 Jan 2018, 1:31 pm. Two days after a CBI probe into an alleged Rs 487 crore coal scam made headlines, a Tamil Nadu based anticorruption NGO has said that the rot runs deeper than predicted by ...
WEBSep 19, 2018 · The DRI investigation alleges overinvoicing of imported coal and powerplant equipment cumulatively amounted to around Rs 50,000 crore prior to 2008.
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 .
WEBSep 15, 2016 · The DRI found as many as 40 companies were engaged in importing of Coal from Indonesia to Indian power plants. 90% of the coal is imported from Indonesia, while about 5% is imported from Australia. Adani Group of companies import around 70% and the second importer Anil Ambani's Reliance Group imports around 5%.
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 ...
WEBDec 19, 2023 · Last month, the DRI sought permission from the Supreme Court to restart a probe into the Adani Group for the alleged overvaluation of coal imports and also requested the apex court's approval to ...
WEBDec 19, 2023 · The Delhi High Court on Tuesday (December 19) issued directives to the Central Bureau of Investigation (CBI) and the Directorate of Revenue Intelligence (DRI) to conduct a probe into allegations of "overinvoicing" related to coal imports and equipment.
WEBAdani Firms' Coal imports: DRI to move Supreme Court against High Court Order. Adani Firms' Coal imports: DRI to move Supreme Court against High Court Order. Tuesday, 05, Mar, 2024 . SC to Examine: Whether Twin Condition for Bail under PMLA will apply to an accused summoned after Special Court cognizance?
WEBNov 17, 2023 · Since 2016, DRI has been trying to procure transaction documents related to Adani's dealings from Singapore authorities as it suspects many of the group's coal shipments imported from Indonesian ...
WEBJan 9, 2024 · The Delhi High Court recently passed an order keeping in abeyance its earlier directions to the Directorate of Revenue Intelligence (DRI) and the Central Bureau of Investigation (CBI) to examine allegations of overinvoicing by power companies belonging to the Adani Group [Centre for Public Interest Litigation and Anr v. Union of India and Ors].
WEBOct 9, 2023 · The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 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'être for the whole story, mentions as many as 40 importers including the Adani Group companies.
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