WEBOct 18, 2023 · But not for the Adani companies. While the Adani Group declared an average price of 130 a tonne for coal imported from its own operations in other countries, it paid 155 a tonne to these three ...
WEBJun 28, 2019 · The DRI is probing at least 40 companies, including two companies of the Adani Group, two Essar Group firms and a few public sector power firms, for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore.
WEBSep 19, 2018 · This story is from September 20, 2018. Adani gets HC relief in coal imports case. TNN / Sep 20, 2018, 04:04 IST Sep 20, 2018, 04:04 IST
WEBNov 17, 2023 · New Delhi: 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 .
WEBApr 3, 2022 · Adani, India's largest coal trader, offered to supply last month 500,000 tonnes of South African coal at 40,000 rupees () per tonne and another 750,000 tonnes at 17,480 rupees () in ...
WEBNov 18, 2023 · New Delhi, November 17. 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 ...
WEBMar 13, 2023 · In January 2020, the Supreme Court paved the way for DRI to investigate allegations of overvaluation of coal imports from Indonesia by the Adani group. The apex court through the January 9, 2020, order stayed an October 17, 2019 judgment of the Bombay High Court which granted relief to Adani group by quashing LRs sent to various .
WEBJan 8, 2020 · The Supreme Court on Wednesday stayed the Bombay High Court ruling that gave relief to the Adani Group in an alleged case of overvaluation of Indonesian coal imports between 2011 and 2015. The apex court has also revived the Directorate of Revenue Intelligence (DRI) investigations into alleged over invoicing of imported coal by .
WEBJun 21, 2019 · The DRI probe against Adani and other companies commenced 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. DRI alleged the money was being "siphoned" outside the country and the electricitygenerating firms were .
WEBOct 18, 2019 · The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that due procedure had not been followed while issuing them.
WEBOct 18, 2023 · Adani, the country's largest private coal importer, has for years faced allegations that it inflated coal costs, leading to higher electricity prices for consumers.
WEBSep 20, 2018 · The DRI investigation, started in 2009 and is still continuing, alleges overinvoicing of imported coal and powerplant equipment cumulatively amounted to around Rs 50,000 crore prior to 2008.
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 .
WEBOct 18, 2019 · A Bombay HC halted an investigation by the Directorate of Revenue Intelligence into the alleged Rs 29,000cr overvaulation of Indonesian coal imports by Adani Group. DRI is probing at least 40 companies, including Essar, .
WEBJan 8, 2020 · The HC made it clear that it had not gone into the merits of the LRs. The SC issued a notice to AEL and gave it two weeks' time to reply to the appeal filed by the DRI. The DRI had, in March 2016, initiated probe into the matter pertaining to alleged overvaluation of coal imports between 2011 and 2015.
WEBMar 27, 2023 · Adani News Live: The Supreme Court disposed of the petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations leveled by the DRI against three Adani group subsidiaries. .
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 .
WEBMay 21, 2024 · A spokesperson for Adani said: "By no stretch of imagination can [Adani's Singapore subsidiary], with a total supply of less than 2 per cent of the coal burnt by Tangedco in the relevant ...
WEBWhile the Adani Group declared an average price of 130 a tonne for coal imported from its own operations in other countries, it paid 155 a tonne to these three companies. And between September ...
WEBNov 17, 2023 · The Indian government is seeking to reopen an investigation into Adani Group's coal imports from Indonesia, focusing on alleged overinvoicing. The Directorate of Revenue Intelligence (DRI) has ...
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 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 ...
WEBJul 20, 2022 · Together, the Adani subsidiaries accounted for 35 per cent of India's coal imports from April to June this year, reflecting the group's growing dominance of the country's infrastructure ...
WEBAn example of our PM Modi kaka helping his buddies: . Delhi HC Puts CBI in a Spot over Probe into Rs 30,000 Cr Coal Import OverInvoicing.. Stalled probes into the alleged Rs 30,000 crore coal import invoicing scam involving top corporate houses like Adani group, Reliance Infrastructure and Essar Power are back in the spotlight, with the Delhi high .
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 ...
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 ...
WEBDec 19, 2023 · The Delhi High Court has directed the CBI and DRI to investigate allegations of overinvoicing of imports by power generating companies, including the Adani Group and the Essar Group.
WEBPan Asia Tradelink, previously named Pan Asia Coal Trading, has supplied Adani with tonnes of coal for since September 2021, according to customs records reviewed by the FT. The ...
WEBNov 17, 2023 · The revenue agency, as part of a broader 2014 investigation into 40 companies, examined Adani's imports, alleging overinvoicing of Indonesian coal shipments through intermediaries in Singapore. In court filings, Indian authorities claimed Adani 'grossly overstated' coal import values, potentially siphoning funds to tax havens .
WEBNov 4, 2019 · The Directorate of Revenue Intelligence (DRI) has informed a court that it will move the Top Court against the Bombay HC order that quashed all Letters Rogatory (LRs) sent by it to foreign countries in connection with the alleged overvaluation of Indonesian coal imports from 2011 to 2015 by 2 Adani Group firms.
WEBNov 17, 2023 · The Indian revenue agency did not respond to Reuters' queries. The effort to revive the coal probe comes amid wider regulatory scrutiny of Adani since Hindenburg Research in January accused the tycoon and his conglomerate of improper use of tax havens and stock manipulation. Despite Adani's denials, the short seller's report .
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