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.
dri coal invoice adani 2016
DRI, ED set to probe Adani Group for allegedly overvaluing .
WEBJan 1, 2014 · The DRI report, which claims to explain the modus operandi followed by the group, claims that a Dubaibased entity was at the heart of the alleged overinvoicing." Various entities of Adani Group were indulging in gross overvaluation of imported goods (zero or lowduty rated) to siphon off money abroad.
Coal Imports: Supreme Court revives probes against Adani firms
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 ...
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 .
India seeks to restart stalled Adani coal imports probe
WEBNov 17, 2023 · 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 collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to .
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 | Delhi High Court keeps in abeyance order asking CBI, DRI .
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 .
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 ...
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 ...
Adani suspected of fraud by selling lowgrade coal as highvalue .
WEBAdani suspected of fraud by selling lowgrade coal as highvalue fuel on facebook (opens in a new window) Adani suspected of fraud by selling lowgrade coal as highvalue fuel on linkedin (opens ...
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 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 ...
Clarifiion on SEBI DRI Investigation of Adani Group companies
WEBJul 19, 2021 · Subsequently, DRI passed an order in favour of Adani Power confirming that there is no overvaluation of equipment. The department has approached the Tribunal and the matter stands sub judice now. Adani Group is a responsible corporate citizen and strongly believes in compliance of applicable laws and adheres to prudent corporate .
HC keeps abeyance in CBI, DRI inquiry of overinvoicing by Adani .
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 .
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 ...
Govt may restart Adani coal import probe, seeks SC nod to
WEBNov 17, 2023 · New Delhi: 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 collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to .
Adani group mcap regains 200 bnmark as co rebuts coal .
WEBMay 22, 2024 · The inquiry into allegations of over valuation of Indonesia coal imports, it said, was initiated against 40 companies. "The Adani companies furnished details sought by the DRI more than four years ago. Thereafter, the DRI has not asked for further documents. Nor has the DRI communied any deficiency or objection."
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 .
Coal imports case: SC to hear in Feb Centre's appeal against .
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 .
OCCRP claim of Adani 'overcharging' for coal brings back ...
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 ...
Adani suspected of fraud by selling lowgrade coal as highvalue .
WEBMay 21, 2024 · Adani said it was vindied by the DRI's decision last year to withdraw an appeal to the Supreme Court in a case against one of the 40 importers named in 2016.
Coal import scam: Adani group gets interim relief from DRI
WEBSep 20, 2018 · New Delhi: The Bombay High Court on Wednesday granted interim relief to the Adani group by restraining the Directorate of Revenue Intelligence from giving effect to the letters rogatory (LRs) issued to several countries against three group companies in an alleged case of overvaluation of Indonesian coal imports in the past. A bench of justices .
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 .
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, 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 ...
If Adani overvalued coal imports, are you paying the price?
WEBOct 18, 2023 · A Financial Times investigation alleges the Adani Group inflated the prices of imported coal worth billions of dollars — up to double the market prices. What does it mean for your electricity bills?
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 .
After Singapore Setback, Adani Firm Asks Bombay HC To Stall DRI .
WEBTwo years ago, i n March 2016, the DRI had issued a general alert to its field formations across the country, outlining the modus operandi of overinvoicing of coal imports from Indonesia.
Supreme Court stays HC order, lets DRI pursue case against Adani .
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 ...
Government seeks to revive probe into Adani coal imports
WEBNov 17, 2023 · The government is seeking to restart a probe into Adani Group coal imports ... The DRI won a magistrate court's approval in 2016 whereby that court agreed to send letters of request 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 coal imports: Group trying to obstruct investigation in coal ...
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 ...
Coal imports case: SC to hear in February DRI's appeal against .
WEBNov 17, 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 imports from Indonesia between 2011 and 2015.
Is the Indian Government undermining its own agency's ...
WEBSep 28, 2021 · Concluding its investigation in 2016, the DRI had alleged in show cause notices (SCN) issued to the three Adani Group companies that they had 'overinvoiced' imports of powerplant and transmission equipment to the tune of Rs 5467 crore (around AUD billion).
Adani group shares fall after media report on alleged overpricing .
WEBOct 13, 2023 · Adani Group stocks come under selling pressure after FT report on alleged overinvoicing of coal imports. Group rejects allegations, says FT is financially destabilizing it. FT report cites ...
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