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 .
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WEBNov 17, 2023 · Since 2016, DRI has been trying to procure transaction documents related to Adani's dealings from Singapore authorities as it suspects many of the group's coal shipments imported from Indonesian ...
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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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WEBFeb 21, 2019 · The DRI probe against Adani and other firms 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.
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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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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 .
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WEBMar 14, 2023 · The Directorate of Revenue Intelligence's (DRI) research into the suspected overinvoicing of electricity imports by the Adani Group between 2011 and 2015 is now complete. According to the probe, the corporation may have overstated by up to Rs. 3,000 crores the price of importing power equipment. The Central Board of Indirect Taxes and ...
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WEBThe DRI has monitored the details of coal imports of these companies till March 31, 2016, information accessed by the authors suggests. Web of scams This revelation comes weeks after the DRI secured the first arrest of an accused person who was allegedly involved in overinvoicing of coal imported from Indonesia.
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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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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.
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WEBJan 9, 2020 · 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 ...
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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 .
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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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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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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 Indonesian coal with the goal of "siphoningoff money abroad" and "to avail higher power tariff compensation based on artificially .
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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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WEBNov 18, 2023 · The Directorate of Revenue Intelligence (DRI) since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities.
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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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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 .
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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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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 ...
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WEBMay 22, 2024 · The DRI then appealed to India's Supreme Court, where the case has languished without progress. Last year, opposition politicians called for a new investigation after the Financial Times reported that the Adani Group appeared to have paid over US5 billion to middlemen for coal imported far in excess of market prices between .
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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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WEBSep 18, 2018 · In March 2016, the DRI had initiated probe against some Adani Group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015.
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WEBMay 23, 2024 · The DRI has led 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 coal imported from Indonesia at an exorbitant price, had been rea rmed by the OCCRP report. Jayaraman Venkatesan of Arappor Iyakkam said .
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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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WEBOct 9, 2023 · The Adani Group today slammed the UKbased newspaper Financial Times' for "raking up an old, baseless allegation of overinvoicing of coal imports". The group accused it of a "malicious campaign ...
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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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WEBOct 13, 2023 · "In 2016, DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan, were overinvoicing imported Indonesian coal with the goal of 'siphoningoff money abroad' and 'to avail higher power tariff compensation based on artificially .
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WEBThe Bombay HC had quashed all global information requests the DRI had sent to foreign countries pertaining to alleged overvaluation of coal imports by two Adani firms.
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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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WEBAug 29, 2018 · We would like to show you a description here but the site won't allow us.
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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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