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 ...
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WEBJan 8, 2020 · Industrialist Gautam Adani in New Delhi (Express Photo by Anil Sharma) The Supreme Court stayed on Wednesday the Bombay High Court order quashing the Letters Rogatory (LRs) sent by the Directorate of Revenue Intelligence (DRI) to Singapore, Dubai and Hong Kong in connection with investigation in a case of alleged overvaluation of .
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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 .
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WEBFive Adani companies and a further five supplied by the group were among 40 importers named by the DRI in a 2016 notice of an investigation into intelligence that they were "artificially ...
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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 .
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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 ...
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WEBAug 29, 2018 · We would like to show you a description here but the site won't allow us.
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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 ...
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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 .
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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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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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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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WEBNov 17, 2023 · The Directorate of Revenue Intelligence (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 .
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WEBSep 1, 2023 · When activist and Supreme Court lawyer Prashant Bhushan told the court that SEBI had been investigating the Adani Group since 2016, the regulator dismissed the claim as "factually baseless".
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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 ...
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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 ...
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WEBJun 21, 2019 · The DRI affidavit said that AEL moved the Bombay High Court to question the issuance of LRs only after a Singapore court allowed India's request to access documents that allegedly contain "clinching evidence" against Adani Group's "blatant" hike in prices of imported coal for "siphoning" money and "increasing" the cost of power sold .
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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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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 19, 2023 · Adani imported coal at higher than market value, Indians paid ₹582 cr: Report ... 2016. The FT's brazen agenda is exposed by the fact that they have singled out the Adani Group, while the DRI's Circular, the raison d'etre for the whole story, mentions as many as 40 importers, including the Adani Group companies, said the report. ...
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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 ...
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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:
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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 .
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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 .
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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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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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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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WEBDec 19, 2023 · In 2016, the agency had issued a circular alleging that Adani Group companies were being investigated for "artificially inflating" coal imports from Indonesia to siphon off money abroad and to ...
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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 ...
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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