Adani Enterprises and its subsidiaries, led by billionaire Gautam Adani, have successfully mounted repeated legal challenges in India and Singapore to block the documents' release, court papers has denied wrongdoing, saying that Indian authorities assessed its coal shipments before releasing them from ports. In an Oct. 9 legal filing, which Reuters is reporting for the first time ...
WhatsApp: +86 18203695377
The corresponding figures for the three previous years—in 201314, the country imported million tonnes of coal worth Rs 92, crore; in 201213, million tonnes of coal valued at Rs 86, crore were imported, while in 201112, coal imports stood at million tonnes valued at Rs 78, crore, the minister said.
WhatsApp: +86 18203695377
The Supreme Court revived on Wednesday the probe against a Adani group firm in a case of alleged overvaluation of Indonesian coal imports by staying the Bombay High Court's decision of quashing ...
WhatsApp: +86 18203695377
In a setback for the Directorate of Revenue Intelligence (DRI), the Bombay High Court Thursday ruled in favor of Adani Enterprises Ltd (AEL) and quashed all Letter Rogatories (LRs) sent by DRI to Singapore and other countries while probing Adani Group firms for alleged overvaluation of Indonesian coal imports between 2011 and 2015.
WhatsApp: +86 18203695377
The Adani Group, the politically connected conglomerate that dominates large parts of India's economy, appears to have imported billions of dollars of coal at prices well above market value,...
WhatsApp: +86 18203695377
However, Adani Power recently sent a request for BPDB to provide the demand note, with the coal price quoted at 400 per metric ton, which BPDB officials believe is much higher than it should be ...
WhatsApp: +86 18203695377
The Supreme Court revived on Wednesday the probe against a Adani group firm in a case of alleged overvaluation of Indonesian coal imports by staying the Bombay High Court's decision of quashing all letters rogatory (LRs) sent by the DRI to Singapore
WhatsApp: +86 18203695377
A Bombay HC halted an investigation by the Directorate of Revenue Intelligence into the alleged Rs 29,000cr overvaulation of Indonesian coal imports by Adani Group. DRI is probing at least 40 companies, including Essar, for overvaluation of imports.
WhatsApp: +86 18203695377
Adani Power. Two power plants built by the Adani group in Tiroda, Maharashtra and in Kawai, Rajasthan are under the DRI's scrutiny for alleged over invoicing of capital equipment used in power plants. The show cause notices (SCNs) issued in these cases in May 2014 were dismissed by the DRI's adjudicating authority K V S Singh in ...
WhatsApp: +86 18203695377
The Delhi High Court on Wednesday issued a notice to the Central Bureau of Investigation (CBI) to explain why it closed the Preliminary Enquiry in the,000 crore Coal Import scam during its tainted Chief Ranjit Sinha's tenure while the Department of Revenue Intelligence's (DRI) probe was going on. The Bench comprising Justices Ravindra Bhat and AK Chawla also directed the Union ...
WhatsApp: +86 18203695377
Also read: Coal Import Scam: Adani Company Is Trying to Impede Investigation, DRI Tells Bombay HC As its investigations proceeded, the DRI realised it would need further documentation from the foreign branches of Indian banks, namely, ICICI Bank, Axis Bank, Bank of Baroda (BoB) and, most importantly, the State Bank of India (SBI) through which ...
WhatsApp: +86 18203695377
Supreme Court stays HC order, lets DRI pursue case against Adani firms. The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal ...
WhatsApp: +86 18203695377
In 2014, the DRI issued a showcause notice to APML and APRL alleging the overvaluation of imported coal. The DRI alleged that the import invoices of Indonesian coal were routed through intermediaries based in Singapore, Hong Kong, Dubai and the British Islands to artificially inflate its price. The DRI's adjudicating dropped the ...
WhatsApp: +86 18203695377
Adani Enterprises Limited, the flagship firm of the Adani Group, has moved the Bombay High Court seeking to quash Letters Rogatory (LRs) issued by the DRI in 2016 in a case pertaining to alleged overvaluation of coal imports. Letter Rogatory is a letter to judicial agencies in other countries, seeking information or assistance. In March 2016, the Directorate of Revenue Intelligence (DRI ...
WhatsApp: +86 18203695377
Email, phone calls and text message to the official spokesperson of Adani Group remained unanswered. The HC order assumes significance as apart from the Adani Group, the DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms for alleged overvaluation of coal imports from Indonesia pegged ...
WhatsApp: +86 18203695377
Stateowned CIL has cancelled its maiden tender for shortterm import of coal in which Adani Enterprises had emerged as the lowest bidder, sources said on Monday. Adani Enterprises, which had quoted around Rs 17,000plus per tonne for importing MT of coal, was earlier selected for the shortterm shipment. However, for a mediumterm tender for sourcing additional 6 million tonnes (MT) of ...
WhatsApp: +86 18203695377
Corporate Fraud Adani firm is trying to obstruct investigation in coal imports case, DRI tells Bombay HC The Directorate of Revenue Intelligence said the Adani group was challenging the 'well ...
WhatsApp: +86 18203695377
The Directorate of Revenue Intelligence has moved the Supreme Court challenging an order of the Customs, Excise Service Tax Appellate Tribunal quashing a case pertaining to overinvoicing allegations levelled by the Directorate of Revenue Intelligence (DRI) against two Adani group July and August, while granting relief to three Adani group subsidiaries, Adani Power Maharashtra ...
WhatsApp: +86 18203695377
DRI probe into alleged overvaluation illegal, invalid: Adani Enterprises petition in Bombay HC The DRI alleged that Indonesian coal was directly imported from ports in that country to India while import invoices were routed through one or more intermediaries based in Singapore, Hong Kong, Dubai and the British Islands to artificially inflate its value.
WhatsApp: +86 18203695377
1 Mar 2023. New Delhi, India The Indian government granted an extraordinary favour to controversial tycoon Gautam Adani, boosting his coal business, documents reveal. After Prime Minister ...
WhatsApp: +86 18203695377
Business News: Get latest stock share market news, financial news, budget 2023 news, economy news, company news, politics news, India news, breaking news at Business Standard. Catch Nifty Sensex Live updates.
WhatsApp: +86 18203695377
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 making a regulatory filing with the bourses to rubbish ...
WhatsApp: +86 18203695377
The Supreme Court on Wednesday stayed the Bombay High Court order that quashed the Letters Rogatory (LRs) sent by the Directorate of Revenue Intelligence (DRI) to foreign countries pertaining to alleged overvaluation of Indonesian coal imports from 2011 to 2015 by two Adani firms.
WhatsApp: +86 18203695377
On October 10, hearing a case regarding the alleged ove rinvoicing 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.. It was in November 2019, that the DRI had moved the apex court against a Bombay High Court order in favour of the Adani Group.
WhatsApp: +86 18203695377
Follow Us 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.
WhatsApp: +86 18203695377
يرغب أحد موردي المواد من بلجيكا في إنتاج مسحوق الحجر الجيري لملابسه...
الهند غنية بالموارد المعدنية المختلفة وهي سوق مهم لمعالجة المعادن
Copyright © 2023 GMC Co., Ltd. SiteMap
