Is the Indian Government undermining its own agency’s pursuit of alleged over-invoicing by the Adani Group?

/ Adani Group, CESTAT, coal imports, corruption allegations, customs law, Directorate Revenue Intelligence, DRI, Finance Ministry, import fraud, Indonesia, Investigation, Jairam Ramesh, KISPL, money laundering, over-invoicing, parliamentary opposition, power equipment, power tariffs, Subramanian Swamy, Supreme Court

An Indian government authority that investigates violations of customs law has alleged that three Adani Group companies have used intermediaries to artificially inflate the prices of imported coal-power goods. This practice, known as over-invoicing, enables companies to enrich a related third party and even to launder money, while passing on costs to consumers. The allegations against the Adani Group companies have bounced around inside the legal system for years, with little progress.

Published by: Adani Watch
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