sbi dri ndian express coal case

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Adani firm moves Singapore court in attempt to ... The Indian Express

The Indian Express reported on June 20, 2016 that three stateowned banks declined to provide to the DRI information lying with their overseas branches regarding transactions by leading power companies in connection with the coal imports case. The banks had cited confidentiality norms which prompted Revenue Secretary Hasmukh Adhia to write to these lenders to cooperate with the ongoing ...

DRI challenges quashing of letter rogatories by HC The Indian Express

The LR documents contain the actual price of coal before it was allegedly inflated. The Directorate of Revenue Intelligence (DRI), on November 19, filed a special leave petition (SLP) in the Supreme Court challenging a Bombay High Court order that has quashed all letter rogatories (LRs) sent by the agency to foreign countries in connection with the alleged overvaluation of Indonesian coal ...

Adani firm trying to impede our probe, DRI tells Bombay HC

The agency, according to sources, found that inflated invoices received in India were issued by intermediaries, allegedly subsidiary companies of Indian importers or their fronts. The DRI alleged that in certain cases, the import value of Indonesian coal was artificially inflated by about 50100 per cent by changing test reports which measure ...

Coal overinvoicing case: CESTAT allows appeal of ... The Indian Express

The DRI has alleged that several traders are directly importing Indonesian coal but the invoices are "routed through one or more related /associated intermediary firms based abroad" after artificially inflating its value. To justify the inflated price, "manipulated test reports" of the quality of coal is submitted to PSUs and Customs.

Adani loses case in Singapore, goes to Bombay High ... The Indian Express

The Indian Express had reported on June 20, 2016 that three stateowned banks declined to provide to the DRI information lying with their overseas branches regarding transactions by leading power companies in connection with the coal imports case.. The banks had cited confidentiality norms which prompted Revenue Secretary Hasmukh Adhia to write to these lenders to cooperate with the ongoing ...

Adani coal imports case in Supreme Court: DRI reiterates stand to ...

New Delhi | Updated: November 18, 2023 11:43 IST Follow Us 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. The case has been heard five times in four years and is yet to reach the stage of final arguments. Listen to this article 00:00 1x

Corruption in coal import in Indore: No ... The Indian Express

Interestingly, while the CBI has closed the case, the Directorate of Revenue Intelligence (DRI) which first unearthed the alleged overvaluation of low quality Indonesian coal imports scam pegged at Rs 29,000 crore says that its probe against Bhatia International and 40 other prominent coal importers including a few firms of the Adani Group, Essar Group and the Anil Ambani Group is still on.

Adani firm is trying to obstruct investigation in coal imports case ...

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 ...

Bihar 'Pakadwa Vivah': Teacher kidnapped, forced to marry kidnapper's ...

According to Indian Express, one Gautam Kumar, who had recently cleared the Bihar Public Service Commission exam, was kidnapped from the school he teaches in, and forced to marry kidnappers daughter.

SBI Branches in USA for NRI Services SBNRI

SBI Washington DC Branch, Representative Office. Following is the address of SBI Representative Office in Washington DC: Branch. Representative Office, Washington DC. Address. 1200, 17th Street, NW, Suite 205, Washington 20036, Washington DCUNITED STATES OF AMERICA . Timings. MonFri, 9:00 AM 4:00 PM. SatSun, Closed.

Adani coal case in SC: DRI wants to resume probe PressReader

The DRI case against the Adani Group assumes significance as the Central Electricity Regulatory Commission (CERC) had in November 2017 pointed out that findings of the probe into alleged overinvoicing of Indonesian coal importsbyadanipowerwouldaffect the compensation it received from distribution companies in Haryana.

Coal scam report: CBI submitted original,changed ... The Indian Express

In its status report filed on March 8,the CBI had said that the coal block allocation during 200609 was done without verifying the credentials of companies which allegedly misrepresented facts about themselves and no rationale was given by the Coal Ministry in giving coal blocks to them. CBI has so far registered 11 FIRs in the matter.

Coal imports: Directorate of Revenue Intelligence ... The Indian Express

The Directorate of Revenue Intelligence (DRI) has asked the Central Bureau of Investigation (CBI) to probe two Reliance ADAG firms — Reliance Infrastructure Ltd and Rosa Power Supply Co Ltd — in connection with the alleged overvaluation of imported Indonesian coal between 2010 and 2015, sources told The Indian Express. Sources said the DRI ...

DRI to corner SBI, Bank of Baroda for hiding proof ... India Today

The Directorate of Revenue Intelligence (DRI) has decided to get strict with SBI and Bank of Baroda for hiding evidence against corporate entities involved in the Rs 29,000 crore coal import scam and not cooperating in the investigation against them. Listen to Story Share Advertisement Picture for representational purpose only.

Adani firms' coal imports: DRI to move SC ... The Indian Express

The agency, according to sources, found that inflated invoices received in India were issued by intermediaries, allegedly subsidiary companies of Indian importers or their fronts. The DRI alleged that in certain cases, the import value of Indonesian coal was artificially inflated by about 50 to 100 per cent by changing test reports which ...

DRI investigation into coal importers: Conspiracy ... The Indian Express

The Congress on Monday claimed that the DRI investigation into some prominent coal importers for alleged overvaluation of coal imports from Indonesia has not made much headway in the last four years, and demanded handing over the case to a special investigation team (SIT).

Coal import case: DRI moves SC against relief order to Adani group

The Directorate of Revenue Intelligence (DRI) has moved the Supreme Court to challenge the Bombay High Court (HC) order that restrained the agency from seeking foreign counterparts' assistance in its probe against a few firms of the Adani group for alleged overvaluation of Indonesian coal imports.

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Adani probe: Supreme Court stays Bombay HC order ... The Indian Express

Industrialist Gautam Adani in New Delhi (Express Photo by Anil Sharma) 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.

DRI probe may affect Rs 800crore relief to Adani The Indian Express

DRI probe may affect Rs 800crore relief to Adani The DRI alleged at least 40 power generating firms imported Indonesian coal directly from ports in that country to India while import invoices were routed through one or more intermediaries based in Singapore, Hong Kong, Dubai and British Islands to artificially inflate its value.

Three PSU banks decline info on import of coal ... The Indian Express

The documents that are being sought by the government include copies of invoices raised by the original supplier of coal, bills of lading, letter of credit covering the transactions and the contract signed by the firms with the original supplier. Watch Video: What's making news Advertisement

Coal Imports: Supreme Court revives probes against Adani firms

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Adani Group firms' fresh share pledge for Australia project: SBI

State Bank of India (SBI) on Monday said the fresh pledge of shares of three Adani Group companies was on account of the requirement to topup the collateral for its coal mine project in Australia.

Tata Group, Samsung Mobiles most creative ... The Financial Express

Finance Minister Nirmala Sitharaman appreciates SBI for successfully launching direct LankanIndian Rupee trade; India 'bright spot' amid despondency and churn in geopolitical landscape: Army ...

JSPL to increase production capacity fivefold to 50 mtpa

April 28, 2022 04:30 IST. At its Raigarh unit in Chhattisgarh, JSPL will raise capacity to mtpa from mtpa now by 203031. Sanguine about the steel sector's prospects within and an ...

Imported Coal 'Overvaluation' by Adani Firms Pits DRI ... NewsClick

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 ...

Exporters can be put on caution list on ED, CBI action: RBI

RBI today said exporters can be put on a "caution" list in case the trader is not making any efforts for realisation of export proceeds or on the recommendation of investigative agencies like ED ...