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 Oct ...
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 ...
WEBOct 17, 2019 · HC quashes Letters Rogatories issued in Adani coal import case The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that due procedure had not been ...
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.
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 ...
WEBOct 9, 2023 · Coal imports case: SC to hear in February DRI's appeal against Bombay HC order quashing LRs. On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to Singapore and other countries in its ongoing investigation against the Adani Group firms for alleged overvaluation of Indonesian coal imports.
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.
WEBLast month, the DRI sought permission from the Supreme Court to resume a probe into the Adani Group for alleged overvaluation of coal imports and requested approval to collect evidence from Singapore.
WEBOct 18, 2019 · The DRI probe against Adani and other companies 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. DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of ...
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 .
WEBDec 19, 2023 · The petitions, filed in 2017, sought a special investigation team to look into the allegations that various entities of the Adani Group and the Essar Group were overinvoicing their imported goods ...
WEBOct 17, 2019 · In April 2018, the Customs, Excise Service Tax Appellate Tribunal had rejected a DRI plea seeking over Rs 29,000 crore from a clutch of these 40 companies for alleged overvaluation of coal ...
WEBNov 18, 2023 · The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to gather evidence from Singapore. In 2016, the tax intelligence agency had issued a circular, asserting that .
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 .
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 .
WEBOverinvoicing of imports by various powergenerating companies in India, including the Adani Group and the Essar Group. HC had earlier asked central probe agencies to investigate the matter.
WEBSep 20, 2018 · In Setback to Adani Group Probe, Bombay HC Restrains DRI from Acting on Letters Rogatory. ... The CBI also only filed a PE against NTPC in the coal import scam that happened during 2008 to 2010 ...
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 ...
WEBJan 7, 2020 · The case pertains to probe that was initiated by the DRI against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015 ... Adani Ent dips 4% on reports SC stays Bombay HC ruling in coal import case The case pertains to probe that was initiated by the DRI against a few Adani group firms .
WEBThis story is from October 17, 2019. HC quashes LRs issued in Adani coal import case. PTI / Oct 17, 2019, 21:58 IST Oct 17, 2019, 21:58 IST
WEBMar 21, 2024 · NEW DELHI: A coalition of 21 international organizations has urged Chief Justice DY Chandrachud to expedite the resolution of a pending case involving the Adani Directorate of Revenue Intelligence (DRI) is investigating the conglomerate for allegedly overvaluing coal imports from Indonesia.. This appeal follows a report by the .
WEBJul 25, 2022 · Billionaire Gautam Adani's conglomerate is benefiting from India's rush to import coal to ease a supply crunch, winning a huge majority of import orders from state power giant NTPC Ltd. New Delhibased NTPC has placed orders for 20 million tons of imported coal for the fiscal year ending March, of which almost million tons have .
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 ...
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