WEBFeb 4, 2023 · The Directorate of Revenue Intelligence ( DRI) has moved the Supreme Court challenging an order of the Customs, Excise Service Tax Appellate Tribunal ( CESTAT) quashing a case pertaining to overinvoicing allegations levelled by the Directorate of Revenue Intelligence (DRI) against two Adani group firms.
WEBSep 15, 2016 · The DRI found as many as 40 companies were engaged in importing of Coal from Indonesia to Indian power plants. 90% of the coal is imported from Indonesia, while about 5% is imported from Australia. Adani Group of companies import around 70% and the second importer Anil Ambani's Reliance Group imports around 5%.
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 31, 2019 · Also read: Coal Import Scam: Adani Company Is Trying to Impede Investigation, DRI Tells Bombay HC. As its investigations proceeded, the DRI realised it would need further documentation from the foreign branches of Indian banks, namely, ICICI Bank, Axis Bank, Bank of Baroda (BoB) and, most importantly, the State Bank of India .
WEBJan 8, 2020 · According to the DRI, petitioners were involved in the overvaluation of coal of Indonesian origin and it is alleged that during the period between October 2010 to March 2016, Adani Group 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 .
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 .
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 ...
WEBSep 20, 2018 · The CBI also only filed a PE against NTPC in the coal import scam that happened during 2008 to 2010, and has mostly avoided a probe against the major corporate houses involved in overinvoicing.
WEBThe mystery of the Adani coal imports that quietly ... and Singapore to import 5 billion worth of coal at prices sometimes more than double the market value. The FT examined 30 coal shipments ...
WEBJan 9, 2024 · The Delhi High Court recently passed an order keeping in abeyance its earlier directions to the Directorate of Revenue Intelligence (DRI) and the Central Bureau of Investigation (CBI) to examine allegations of overinvoicing by power companies belonging to the Adani Group [Centre for Public Interest Litigation and Anr v. Union of India and Ors].
WEBJan 8, 2020 · The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal imports between 2011 and 2015. A bench headed by Chief Justice Bobde on ...
WEBDec 27, 2021 · The coal will be exported from a terminal at Abbot Point, which Adani bought for 2 billion in 2011 and renamed North Queensland Export Terminal. Analysts said it made sense for Adani to dig the mine to help it make back the massive investment on the coal terminal, which has run nearly half empty since Adani acquired it.
WEBJul 25, 2022 · Shah, Nadda hash out deals with allies as Jun 9 looms. 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 been awarded to Adani Enterprises Ltd ., according to people with knowledge of the matter. NTPC has already received about 7 .
WEBAdani Firms' Coal imports: DRI to move Supreme Court against High Court Order. Adani Firms' Coal imports: DRI to move Supreme Court against High Court Order. Tuesday, 05, Mar, 2024 . SC to Examine: Whether Twin Condition for Bail under PMLA will apply to an accused summoned after Special Court cognizance?
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. .
WEB08 Jan 2020, 8:48 pm. NEW DELHI: The Supreme Court revived on Wednesday the probe against a Adani group firm in a case of alleged overvaluation of Indonesian coal imports by staying the Bombay ...
WEBNov 2, 2019 · The Bombay High Court order of October 17 in the case of the Adani group has farreaching legal impliions that threaten to jeopardise the evidencegathering process of our law enforcement agencies and has the potential to destabilise many ongoing highprofile cases. The writ petition pertains to the suspected overinvoicing of coal .
WEBAug 29, 2018 · The Directorate of Revenue Intelligence is investigating at least 40 companies, including those from the Adani Group, Anil Dhirubhai Ambani Group, and Essar Group for alleged overvaluation of coal ...
WEBJan 8, 2020 · Industrialist Gautam Adani in New Delhi (Express Photo by Anil Sharma) The Supreme Court on Wednesday stayed the Bombay High Court order that quashed the Letters Rogatory (LRs) sent by the Directorate of Revenue Intelligence (DRI) to foreign countries pertaining to alleged overvaluation of Indonesian coal imports from 2011 to .
WEBFeb 10, 2023 · Earlier, in November, the agency had filed a similar appeal in connection with the relief granted to two other Adani group subsidiaries, Adani Power Maharashtra Ltd (APML) and Adani Power Rajasthan Ltd (APRL) in a similar case. ... On February 3, replying to ET's queries on the DRI's appealsfiled in November, an Adani group .
WEBJan 9, 2024 · Nothing that the case involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its Dec 19, 2023 directions to the CBI and DRI about Adani Group firms be kept 'in ...
WEBNov 17, 2023 · Adani Group said in a statement on Friday that during the DRI's inquiry into the alleged overvaluation of Indonesian coal imported by Adani Enterprises Ltd. and Adani Power Ltd., among other ...
WEBNov 18, 2023 · 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 ...
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 ...
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