உங்கள் அதி பயங்கர மின் கட்டணத்தின் காரணம் என்ன I ADANI SCAM I Tamil Nadu Under 315000 cr Loan
Channel: THE ROOSTER NEWS
Date: 2018-07-09

ADANI COAL SCAM OF OVER 50000/ crore 

Over the last four years, the Directorate of Revenue Intelligence, or DRI, which is the investigative arm of the department of revenue in the finance ministry, has levelled allegations of over-invoicing of imports of coal and electricity generation equipment against at least forty of India’s biggest energy companies. The total amount involved in the scandal is an estimated Rs 50,000 crore, or more than eight billion dollars at the current exchange rate. Of this amount, around Rs 30,000 crore is on account of the over-invoicing of coal imported mainly from Indonesia. The remaining Rs 20,000 crore relates to allegations of over-invoicing of power machinery imported largely from China. The higher costs were passed on to consumers, who had to pay more for electricity.

The cases arising out of the DRI’s findings of these manipulated invoices—the undue gains from which were allegedly laundered by persons working with a host of government and private companies—seem to be heading towards a legal logjam. Government organisations, including the National Thermal Power Corporation and various state electricity boards, are involved in the alleged over-invoicing scam, along with some of India’s biggest private companies, including those in the Adani, Essar and Anil Ambani conglomerates. In a case before the DRI’s appellate tribunal, which concerns a private company called Knowledge Infrastructure Systems Private Limited, or KISPL, the investigative agency has raised doubts about the integrity of a member of the tribunal adjudicating the case. The case is crucial because it could set a precedent for other cases arising from the DRI’s investigation. As claims of corruption and favouritism emerge, the question is whether the finance ministry is diligently and expeditiously pursuing these cases, which involve corporate entities headed by politically influential tycoons and powerful technocrats. The ministry has said that it is keen on pursuing these cases, but there is a view that deliberate attempts are being made to stymie the prosecution process.

Follow us on: 
https://www.facebook.com/theroosternews
https://www.twitter.com/therooosternews 
https://www.instagram.com/theroosternews

Email: info.theroosternews@gmail.com