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DRI Tells Bombay HC - Adani Firm Is Trying To Obstruct Investigation In Coal Imports Case

Coal News - Published on Tue, 25 Jun 2019

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The Indian Express reported that the Directorate of Revenue Intelligence said the Adani group was challenging the ‘well-settled procedure of issuance of Letter Rogatory’. 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. In an affidavit to the Bombay High Court on June 13, the agency said Adani Enterprises was doing this by challenging the “well-settled procedure of issuance of Letter Rogatory”. Letters rogatory are formal requests to foreign countries to seek judicial help in investigating offshore entities.

In August, an Adani Group company moved the Bombay High Court seeking to quash all requests by India to other countries for help in investigation. It did so after a Singapore court directed some group companies to produce documents in an investigation after receiving a letter rogatory from India. The next month, the Bombay High Court gave an interim stay to Adani Enterprises but the Directorate of Revenue Intelligence moved the Supreme Court as its investigation was forced to stop. The top court has now directed the Bombay High Court to settle the case by the end of June.

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Posted By : Mohan Sharma on Tue, 25 Jun 2019
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