dri coal invoice adani 2016

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.

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 ...

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.

New evidence bolsters allegations Adani Group overcharged for coal

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 .

Coal Import Case: SC Notice To Adani On DRI Appeal

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...

Adani debacle intensifies as DRI moves SC on order quashing .

WEBFeb 4, 2023 · According to reports, the DRI has alleged that Adani Group inflated bills for two companies. However, the CESTAT had denied the allegations. The companies in question are Adani Power Maharashtra ...

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

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 .

Adani Group Condemns Financial Times' Malicious Campaign to .

WEBOct 9, 2023 · Having failed earlier, the FT is making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of overinvoicing of coal imports. The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 2016.

'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 ...

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 .

Adani Coal Import: SC Stays Bombay HC Order, DRI to Restart .

WEBJan 9, 2020 · 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 ...

Overpricing of Coal Imports Led to Higher Profits for Adani, .

WEBOct 13, 2023 · "In 2016, DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan, were overinvoicing imported Indonesian coal with the goal of 'siphoningoff money abroad' and 'to avail higher power tariff compensation based on artificially .

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 ...

SC to hear in February DRI's appeal against Bombay HC order .

WEBNov 17, 2023 · In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015. The LRs were issued to Singapore, Dubai and Hong Kong, seeking help to access documents lying with overseas branches of three Stateowned banks relating to transactions under the .

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 ...

If Adani overvalued coal imports, are you paying the price?

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 ...

Indian opposition calls for Adani Group probe over coal price .

WEBOct 18, 2023 · India's main opposition party has called for an investigation of the country's Adani Group over allegations reported by the Financial Times that the conglomerate appeared to have inflated the ...

'Overvaluation' of coal imports: DRI moves Supreme Court against Adani .

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.

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 ...

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, 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 ...

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

WEBNov 18, 2023 · Adani coal imports case: Supreme Court to hear DRI's appeal against Bombay High Court order ... In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation ...

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 .

Adani coal imports under DRI lens again

WEBNov 17, 2023 · Indian authorities reviewed 1,300 shipments involving Adani and alleged in court filings that it "grossly overstated" or "artificially inflated the import value of coal" as compared with the ...

India seeks to revive probe into Adani coal imports from

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 .

Congress accuses BJP of covering up Adani Group's 'scams'

WEBSep 17, 2018 · The Singapore High Court ruled against Adani Global Pte Ltd. "That means our government and DRI should get these documents pertaining to the coal scam. Adani has now filed a petition in the ...

Adani probe: Supreme Court stays Bombay HC order on DRI's .

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), .

Timeline | Gautam Adani v. Hindenburg Research: How The .

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:

Adani Under Pump Again: Company Allegedly Sold Inferior Coal .

WEBMay 23, 2024 · By the time the invoice reached India, the coal had 6 ... The investigation also obtained leaked documents from Adani's Indonesian coal supply partner. ... that the DRI issued a notice in 2016 ...