WEBNov 3, 2019 · The Delhi High Court had directed DRI to file an affidavit as it is hearing a public interest litigation (PIL) filed by senior advoe Prashant Bhushan on the alleged overvaluation of Indonesian coal and power equipment imports by about 40 firms in the country to the tune of Rs 29,000 crore. According to the DRI affidavit, it has adjudied ...
WhatsApp: +86 18203695377
WEBOct 13, 2023 · Stating that it examined 30 shipments of coal from Indonesia to India by an Adani company over 32 months between 2019 and 2021, FT in its report said, "in all cases prices in import records were ...
WhatsApp: +86 18203695377
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 .
WhatsApp: +86 18203695377
WEBMar 14, 2023 · Ramesh said that in a March 13, 2023 Lok Sabha reply, the minister of state for finance stated that an investigation into alleged overinvoicing by the Adani Group of imported Indonesian coal being conducted by India's premier antismuggling agency Directorate of Revenue Intelligence (DRI) had "not reached finality as the information .
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
WEBMay 23, 2024 · The DRI suspected that coal was directly transported from Indonesian ports to India, while import invoices followed intrie routes. These invoices traversed through one or more intermediaries in global financial centers like Singapore, Hong Kong, Dubai, and the British Islands before reaching the buyer via Adani Global.
WhatsApp: +86 18203695377
WEBMay 30, 2024 · "The evidence comes from multiple sources, including invoices and banking documents from several jurisdictions, details of investigations by India's Directorate of Revenue Intelligence (DRI), leaked documents from a key Indonesian coal supplier for Adani, and a trove of documents obtained from the Indian stateowned power company .
WhatsApp: +86 18203695377
WEBJul 20, 2022 · On March 15, 2014, the DRI sent a common show cause notice alleging that EIF, an entity based in Dubai, Adani Power Maharashtra Ltd (APML) and Adani Power Rajasthan Ltd (APRL) were related entities for the reason that EIF was owned and controlled by Vinod Adani, a promoter of the Adani Group, through EIH the holding .
WhatsApp: +86 18203695377
WEBOct 12, 2023 · FT says that Adani has been using offshore intermediaries in Taiwan, Dubai and Singapore to import 5 billion worth of coal at prices that were "at times more than double" the market price. A Taiwanese entrepreneur, recently identified by the Financial Times as a significant concealed stakeholder in Adani firms, owns one of these .
WhatsApp: +86 18203695377
WEBMay 25, 2024 · For its investigation, OCCRP said it relied on "multiple sources, including invoices and banking documents from several jurisdictions, details of investigations by India's Directorate of Revenue Intelligence (DRI), leaked documents from a key Indonesian coal supplier for Adani, and a trove of documents obtained" from TANGEDCO.
WhatsApp: +86 18203695377
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 .
WhatsApp: +86 18203695377
WEBMay 21, 2024 · They suggest that Adani may have fraudulently obtained bumper profits at the expense of air quality, since using lowgrade coal for power means burning more of the fuel. Invoices show that in ...
WhatsApp: +86 18203695377
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. .
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
WEBOct 31, 2019 · On October 17, the Bombay High Court ruled in favour of a company in the Adani Group by passing an order quashing the issuance of letters rogatory (LRs) to various foreign government bodies by the Directorate of Revenue Intelligence (DRI), the investigative arm of India's Customs authorities. The LRs—that are formal requests for .
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
WEBFurther documentation shows a pattern of similar transactions for million tonnes of coal in 2014. Adani's activities align with a broader trend of coal price inflation involving offshore intermediaries to inflate prices supplied to utilities, which has been under investigation by India's Directorate of Revenue Intelligence (DRI) since 2016.
WhatsApp: +86 18203695377
WEBJan 10, 2024 · The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence to "meticulously and expeditiously" look into allegations of overinvoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the .
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
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 ...
WhatsApp: +86 18203695377
WEBNov 17, 2023 · Since 2016, the Directorate of Revenue Intelligence (DRI) has been actively seeking transaction records linked to Adani's dealings from Singapore authorities The Adani Group is currently the focus of renewed scrutiny by Indian authorities, who are investigating suspicions of inflating the value of coal imports, as re
WhatsApp: +86 18203695377
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. The CPIL has alleged that coal and equipment required for power generation in India are bought from Original Equipment Manufacturers (OEMs) through a foreign intermediary company .
WhatsApp: +86 18203695377
WEBAug 30, 2023 · US employment. Secret paper trail reveals hidden Adani investors. Sebi's chair at the time left in 2017. In March this year he became nonexecutive chair of New Delhi Television (NDTV), owned by ...
WhatsApp: +86 18203695377
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
Copyright © 2023 GMC Co., Ltd. SiteMap
