Secret paper trail reveals hidden Adani investors Financial Times
The DRI sent demands for information about Adani just before Modi took office in May 2014, after a campaign in which he crisscrossed the country in an Adani jet and helicopters.
dri coal invoice adani 2016
Adani group, Reliance ADAG, Essar, accused of cheating in Rs 290 ...
A publicinterest litigation petition has been filed in the Delhi High Court against the multinational business conglomerate Adani group, Reliance Anil Dhirubhai Ambani Group and other energy and ...
Adani News Live: SC dismisses DRI's petition against Adani firms in ...
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. The US shortseller Hindenburg Research had mentioned the DRI ...
How OverInvoicing of Imported Coal has Increased Power Tariffs
The DRI has monitored the details of coal imports of these companies till 31 March 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.
Secret paper trail reveals hidden Adani investors Financial Review
The DRI sent demands for information about Adani just before Modi took office in May 2014, after a campaign in which he crisscrossed the country in an Adani jet and helicopters.
Coal overinvoicing case: 4 years on, DRI vs Adani in SC to be heard ...
On October 10, hearing a case regarding the alleged overinvoicing of Indonesian coal imported by the Adani Group, the Supreme Court clubbed the matter with another case related to alleged smuggling of dutyfree gold by a Hyderabadbased jeweller.
The mystery of the Adani coal imports that quietly doubled in value
In 2016, the DRI investigation suspected that the value extracted from illicit overinvoicing of coal was Rs300bn, then worth about 5bn. In August this year, opposition politicians in Gujarat accused the state government of making almost 500mn in excess payments to Adani Power over five years under a power purchase agreement linked to the ...
Adani Group accuses Financial Times of running campaign to 'tarnish ...
The FT's story was said to be based on a General Alert Circular /2016/CI dated March 30, 2016, issued by the Directorate of Revenue Intelligence (DRI). The Adani Group pointed out that the circular mentioned as many as 40 importers, including Adani Group companies. ... Regarding coal procurement, the Adani Group pointed out that it is ...
Adani coal imports case: Supreme Court to hear DRI's appeal against ...
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 ...
Customs Department Challenges DRI Authority's Clean Chit to Adani Firms
Overvaluation of Indonesian coal. From 2010 onwards, the DRI had initiated probe against at least 40 companies including five firms of Adani Group including Adani Power for alleged overvaluation ...
Modilinked Adani family secretly invested in own shares, documents ...
In some cases, laws were amended that allowed Adani Group companies to expand in sectors such as airports and coal. In turn, the stock value of the Adani Group rose from about 8bn in 2013 to ...
RBI to DRI: We can't ask banks to share customer information
The banking regulator's response followed a request by the Directorate of Revenue Intelligence (DRI), which sought RBI's assistance in obtaining information from two stateowned banks on the alleged Rs 29,000crore overvaluation of coal imports from Indonesia by Indian companies, including the Adani Group, ADAG and Essar Group among others.
Modi Government Says It Will Appeal Dismissal of DRI's Charges Against ...
On August 21, 2017, the DRI adjudicating authority, Singh, summarily dropped all proceedings against the Adani group. He also dropped penal proceedings against various persons including ...
Did the Adani Group Evade Rs 1,000 Crore in Taxes? The Wire
The DRI went on to claim that total exports of CPD by the Indian companies in the Adani Group in 200405 were worth 1, million, out of which goods worth 1, million (or % of the ...
25 augustus 2016 Nieuwegein en Utrecht geteisterd door ... YouTube
In een overdekte parkeergarage aan het Graaf Anselmdek in Nieuwegein zijn donderdagnacht twee auto's uitgebrand. Door de brand ontstond veel rookontwikkeling...
Arrest of GST Evaders: Supreme Court Upholds Telangana HC ... Taxscan
The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to gather evidence from Singapore. In 2016, the tax intelligence agency had issued a circular, asserting that Adani Group ...
CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar ...
The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to gather evidence from Singapore. In 2016, the tax intelligence agency had issued a circular, asserting that Adani Group ...
Adani Group faces fresh allegations, now on overinvoicing of coal imports
Five Adani companies were among 40 importers named by the DRI in a notice of an investigation that they were "artificially inflating" the value of Indonesian coal to siphon off money abroad and overcharge Indian power companies.
India Aims To Revive Investigation Into Adani's Coal Imports, Reports Say
16 Nov 2023, 9:21 pm 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 reported by...
adani: SC dismisses DRI's petition against three Adani group ...
The Supreme Court (SC) Monday dismissed 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 levelled by the DRI against three Adani group subsidiaries. Between November 2022 and January 2023, the federal agency had moved the ...
Government seeks to revive probe into Adani coal imports
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 ...
PDF DUTCH OFFICE MARKET REPORT Knight Frank
2016 NL REAL ESTATE IN ASSOCIATION WITH KNIGHT FRANK. 2 FIGURE 2 Availability rates by district, % of the total stock. yearend 2015 % FIGURE 1 Availability versus takeup 000's sq m Source: Bak Property Research / Knight Frank Source: Bak Property Research / Knight Frank 0 5 10 15 20 25 30 35
The thriller of the Adani coal imports that quietly doubled in price
In 2016, the DRI investigation suspected that the worth extracted from illicit overinvoicing of coal used to be Rs300bn, then value about 5bn. In August this yr, opposition politicians in Gujarat accused the state govt of creating virtually 500mn in extra bills to Adani Energy over 5 years below an influence acquire settlement connected to ...
No govt committee to probe Adani; DRI investigation in Indonesia coal ...
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 countries including Singapore, seeking details of the group's ...
Financial Times exposes how Adani artificially inflated coal prices ...
In 2016, the DRI issued a notice naming five Adani companies and five others supplied by the group among 40 importers under investigation for "artificially inflating" the value of Indonesian coal. The notice indicated a significant overvaluation, ranging from 50% to 100%, as per comparisons of export and import records.
Adani receives 388m profit from debt, not coal The Sydney Morning Herald
Debt, not coal, delivers 388m profit to Adani. Controversial coal miner Adani Mining has posted a fullyear profit of million in Australia without selling as much as a bucket of coal ...
The mystery of the Adani coal imports that quietly doubled in value ...
In 2016, the DRI investigation suspected that the value extracted from illicit overinvoicing of coal was Rs300bn, then worth about 5bn. In August this year, opposition politicians in Gujarat accused the state government of making almost 500mn in excess payments to Adani Power over five years under a power purchase agreement linked to the ...
Power Tariff Scam Gets Bigger at ?50,000 Crore JSTOR
the brother of Gautam Adani, who is known to be close to Prime Minister Narendra Modi. On 31 March 2016, a "general alert" was issued by the dri to some 50 customs establishments across the country, directing them to investigate all imports of coal from Indonesia. Why was this done? The alert document mentions that imported coal was being ...
DRI seeks permission to restart probe into Adani Group over ... MSN
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 ...
The mystery of the Adani coal imports that quietly doubled in value
Five 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 ...
Indian opposition calls for investigation into Adani over financial ...
The documents, compiled in 2014 by India's directorate of revenue intelligence (DRI), accuse Adani Group of ordering hundreds of millions of dollars' worth of equipment for an electricity ...
DRI probe into alleged overvaluation illegal, invalid: Adani ...
The plea said that AEL and Adani Power Ltd procured Indonesian coal from Adani Global Pte Ltd, Singapore and Adani SZE, UAE between 2010 and 2016. AEL has claimed that while Adani Global and Adani SZE are its subsidiaries, the coal procurement was done "on principal to principal basis, and at an arm's length".
![Penalty can't be levied on Retrospective Amendment: ITAT [Read Order]](/sf6q94p/324.jpg)
Penalty can't be levied on Retrospective Amendment: ITAT [Read Order]
The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to gather evidence from Singapore. In 2016, the tax intelligence agency had issued a circular, asserting that Adani Group ...
Overpricing of Coal Imports By Adani Group Led to Higher Profits ...
Adani has denied the charges, both those levelled by Hindenburg and then of coal import overpricing by the Financial Times and said it has been vindicated by the Directorate of Revenue...
The mystery of the Adani coal imports that quietly doubled in value
Five 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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