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 ...
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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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WEBJan 8, 2020 · The DRI told the SC that the preliminary scrutiny of the import data/documents during October 2010 to March 2016 revealed that the Adani group of companies had imported about 1,300 consignments of ...
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WEBJan 8, 2020 · [ By Bobby Anthony ]The Supreme Court has issued notice to Adani Enterprises in response to an appeal by the Directorate of Revenue Intelligence (DRI) in a case connected to the alleged overinvoicing...
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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 ...
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WEBDec 19, 2023 · The DRI, 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 then to its Indian arms, according .
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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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WEBNov 3, 2019 · The Delhi High Court had directed DRI to file an affidavit as it is hearing a public interest litigation (PIL) filed by senior advoe Prashant Bhushan on the alleged overvaluation of Indonesian coal and power equipment imports by about 40 firms in the country to the tune of Rs 29,000 crore. According to the DRI affidavit, it has adjudied ...
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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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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 ...
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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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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 13, 2023 · The Adani group had been so rattled by reports that the newspaper's journalists had started an exhaustive investigation into coal imports by the group — often rapping on doors, making calls, emailing questionnaires and even shoving written questions under the door of one office in Singapore — that they took the unprecedented step of .
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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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WEBFor 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 ...
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WEBGautam Adani's firm inflated coal price for Rs 603 cr 'profit', electricity price hike: Media report . In the past, the Adani Group has rejected similar claims of overvaluing the import bills for coal and equipment for running thermal .
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WEBThe 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 ...
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WEBOct 11, 2023 · The majority of the imports came to be routed through their group subsidiary company Adani Global Private Limited (AGPTE), Singapore, and Adani Global (AGFZE), Dubai during .
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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 ...
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WEBJun 2, 2024 · More than a decade after India's "Coalgate" scandal rocked the previous government, a different coal scam involving alleged overinvoicing of imported coal by major corporations like Adani, Reliance, Tata and Essar has seemingly been brushed under the carpet. Despite evidence unearthed by investigative agencies like the .
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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. .
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WEBNov 17, 2023 · The DRI won a magistrate court's approval in 2016 whereby that court agreed to send letters of request to the Singapore courts to help the DRI investigate the matter in a foreign jurisdiction.
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WEBOct 9, 2023 · The Adani Group today slammed the UKbased newspaper Financial Times' for "raking up an old, baseless allegation of overinvoicing of coal imports". The group accused it of a "malicious campaign ...
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WEBNov 18, 2023 · The 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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WEBThe DRI has monitored the details of coal imports of these companies till March 31, 2016, information accessed by the authors suggests. Web of scams This revelation comes weeks after the DRI secured the first arrest of an accused person who was allegedly involved in overinvoicing of coal imported from Indonesia.
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WEBOct 18, 2023 · The Adani group's rebuttal focuses on two points. The first of it is about the publiion basing its story on the Directorate of Revenue Intelligence's March 2016 circular. For perspective, the notice spoke of "certain importers of Indonesian Coal were artificially inflating its import value as compared to the actual value".
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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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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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