dri coal invoice adani 2016

Secret paper trail reveals hidden Adani investors

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.

'Attack on India', says Adani in 413page reply to Hindenburg .

WEBJan 29, 2023 · DRI, Mumbai initiated an investigation against around 40 importers (40 Companies) of coal for import made during Oct. 2010 to Mar. 2016 and sought for various documents including Invoice of 32 ...

Adani, Essar Groups in the dock as Delhi HC orders CBI to look .

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 ...

DRI moves tribunal against relief to Essar Group in overinvoicing .

WEBDec 16, 2023 · Between March 2015 and August 2016, the Mumbai zone of the Directorate of Revenue Intelligence had issued issued showcause notices (SCNs) against several Essar Group companies. . The agency said investigations showed the group allegedly siphoned off funds abroad through GSF, an intermediary in the UAE, which was .

HC keeps in abeyance order asking CBI, DRI to look into .

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 .

DRI seeks permission to restart probe into Adani Group over ...

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 ...

Delhi HC keeps order directing CBI, DRI to look into over .

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.

Government looking to restart probe into Adani Group's coal

WEBThe Directorate of Revenue Intelligence (DRI), since 2016, has been trying to procure transaction documents related to Adani's dealings from Singapore authorities.

DRI seeks permission to restart probe into Adani Group over

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 ...

Adani group news: Group overcharged for coal, new evidence .

WEBMay 23, 2024 · Adani Group overcharged for coal, new evidence bolsters allegations: Report. The DRI had opened a probe almost a decade back to deliberate whether Adani Group and other companies used offshore ...

'Overvaluation of coal imports': Supreme Court revives probe against ...

WEBJan 8, 2020 · Industrialist Gautam Adani in New Delhi (Express Photo by Anil Sharma) The Supreme Court stayed on Wednesday the Bombay High Court order quashing the Letters Rogatory (LRs) sent by the Directorate of Revenue Intelligence (DRI) to Singapore, Dubai and Hong Kong in connection with investigation in a case of alleged overvaluation of .

EXCLUSIVE: Documents show investments by Adani Group .

WEBJan 19, 2024 · In part 1 of this twopart series, AdaniWatch published documents that show how associates of the Adani Group established an intermediary company to overcharge an Adani company for machinery required for large powergenerating plants. Funds were then allegedly siphoned off to entities in taxhaven countries that were controlled by Vinod .

Delhi HC keeps in abeyance order asking CBI, DRI to look into ...

WEBJan 9, 2024 · Delhi HC keeps in abeyance order asking CBI, DRI to look into allegations of overinvoicing by Adani group A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its ...

Adani Group overpaid for coal imports, then charged Indians .

WEBOct 12, 2023 · The Directorate of Revenue Intelligence (DRI) had in 2016 issued a circular saying 40 entities, including five Adani Group companies, were being investigated for alleged overinvoicing of coal ...

Adani News Live: SC dismisses DRI's petition against Adani firms .

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. .

HC keeps in abeyance order asking CBI, DRI to look into ...

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 ...

The mystery of the Adani coal imports that quietly doubled in .

WEBIn 2016, the DRI investigation suspected that the value extracted from illicit overinvoicing of coal was Rs300bn, then worth about 5bn. In August this year, opposition politicians in Gujarat accused the state government of making almost 500mn in excess payments to Adani Power over five years under a power purchase agreement linked to the ...

OCCRP report alleges huge scam in the supply of coal by Adani

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 ...

Adani Group Caught Overinflating Coal Prices | the deep dive

WEBOct 13, 2023 · The DRI's investigation in 2016 estimated that the practice of overinvoicing coal could have extracted as much as 5 billion. Recent allegations by opposition politicians in Gujarat indie that the state government may have made significant excess payments to Adani Power linked to a power purchase agreement.

Adani coal imports case: Supreme Court to hear DRI's appeal

WEBNov 18, 2023 · In September, AEL approached the high court seeking to quash the LRs issued in 2016. In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation of coal ...

OCCRP claim of Adani 'overcharging' for coal brings back focus .

WEBMay 25, 2024 · For this assessment, the CAG analysed 131 of 297 consignments of imported coal received by TANGEDCO under five tenders floated between October 2013 and February 2016 for a total of million metric tonnes (MMT) valued at Rs 11,233 crore. The CAG report had identified Adani Global Pte Ltd as one of the three bidders .

Centre looking to restart probe into Adani coal imports from .

WEBNov 17, 2023 · The Directorate of Revenue Intelligence since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities. The agency suspects many of the group's coal shipments imported from Indonesian suppliers were first billed at higher prices on paper to its Singapore unit, Adani Global Pte, and .

Adani, Essar get DRI notice for overvaluing imports

WEBSep 13, 2016 · Officials said the overvaluation in the case of Adani and Essar was Rs 800 crore and Rs 500 crore, respectively. In the case of ADAG, the overvaluation is pegged at Rs 350 crore. TOI was the first ...

SC stays HC order quashing LRs issued in Adani Coal Import case

WEBJan 9, 2020 · The Supreme Court stayed the Bombay High Court's order quashing the Directorate of Revenue Intelligence (DRI) seeking information about the alleged Rs 29,000crore overinvoicing by Adani Enterprises Limited in connection with coal imports from Indonesia. The Solicitor General argued the high court order had prevented DRI from .

Adani group, Reliance ADAG, Essar, accused of cheating in Rs .

WEBSep 17, 2017 · The Adani Group is currently awaiting judgment on a Rs 15 billion scam in which the firm has been accused of overpricing electricity equipment for two power projects in Maharashtra. In 2014, DRI ...

DRI investigation into Adani Group coal import cases halted

WEBSep 19, 2018 · The DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), 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 between 2011 and 2015. In March 2016, DRI issued a general alert to its field .

Congress questions DRI's handling of cases involving Adani .

WEBMar 14, 2023 · In 2016, he said the DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan were overinvoicing imported ...

TN coal import scam: NGO alleges Rs 3000 crore loss to the .

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 ...

Adani: SEBI knew about allegations against the group since 2014, .

WEBSep 1, 2023 · When activist and Supreme Court lawyer Prashant Bhushan told the court that SEBI had been investigating the Adani Group since 2016, the regulator dismissed the claim as "factually baseless".

Government seeks to restart probe into Adani's coal imports case

WEBNov 17, 2023 · The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports. Investigators are seeking ...

DRI Completes Investigation Into Adani Group Company's

WEBMar 14, 2023 · The Directorate of Revenue Intelligence's (DRI) research into the suspected overinvoicing of electricity imports by the Adani Group between 2011 and 2015 is now complete. According to the probe, the corporation may have overstated by up to Rs. 3,000 crores the price of importing power equipment. The Central Board of Indirect Taxes and ...