DRI’s 29,000 cr coal case: Bombay HC rules in favour of Adani Enterprises


DRI’s 29,000 cr coal case: Bombay HC rules in favour of Adani Enterprises

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.

A LR is a formal request between two countries party to a Mutual Legal Assistance Treaty (MLAT), seeking judicial assistance in accessing information on an offshore entity in connection with an ongoing probe.

The high court 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) Read More

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