Overvaluation of Coal Imports: AICC Press Briefing By Jairam Ramesh at Congress HQ

Directorate of Revenue Intelligence (DRI) is probing approximately 40 companies for overvaluation of Indonesian coal imports.

This overvaluation of coal imports amounts to ₹29,000Cr.

Among these 40 companies, Mr. Narendra Modi's industrialist friend Gautam Adani's company, too, is included.

DRI issued Letters Rogatory (LRs) to Singapore seeking its help to access documents lying with overseas branches of SBI bank, where coal import transactions took place.

Adani firm had asked Singapore Court to quash the LRs issued by DRI, but Singapore court rejected the plea. Now Adani firm asks Bombay HC to stall the DRI probe.

An SIT must be set up to ensure objective and time-bound enquiry.

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