#overinvoicing — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #overinvoicing, aggregated by home.social.
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The other ‘Coal Scam’
Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani.
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The other ‘Coal Scam’
Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani.
-
The other ‘Coal Scam’
Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani.
-
The other ‘Coal Scam’
Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani.
-
The other ‘Coal Scam’
Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani.
-
Adani suspected of fraud by selling low-grade coal as high-value fuel
Indian conglomerate rejects accusations of inflating prices in transactions with state utility.
#AdaniGroup #coal #OverInvoicing #CorporateFraud #adani #OCCRP #environment #energy #pollution #india
https://www.ft.com/content/7451f2de-91fa-49f3-acb3-e83ab5c00eff
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Adani suspected of fraud by selling low-grade coal as high-value fuel
Indian conglomerate rejects accusations of inflating prices in transactions with state utility.
#AdaniGroup #coal #OverInvoicing #CorporateFraud #adani #OCCRP #environment #energy #pollution #india
https://www.ft.com/content/7451f2de-91fa-49f3-acb3-e83ab5c00eff
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Adani suspected of fraud by selling low-grade coal as high-value fuel
Indian conglomerate rejects accusations of inflating prices in transactions with state utility.
#AdaniGroup #coal #OverInvoicing #CorporateFraud #adani #OCCRP #environment #energy #pollution #india
https://www.ft.com/content/7451f2de-91fa-49f3-acb3-e83ab5c00eff
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Adani suspected of fraud by selling low-grade coal as high-value fuel
Indian conglomerate rejects accusations of inflating prices in transactions with state utility.
#AdaniGroup #coal #OverInvoicing #CorporateFraud #adani #OCCRP #environment #energy #pollution #india
https://www.ft.com/content/7451f2de-91fa-49f3-acb3-e83ab5c00eff
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Adani suspected of fraud by selling low-grade coal as high-value fuel
Indian conglomerate rejects accusations of inflating prices in transactions with state utility.
#AdaniGroup #coal #OverInvoicing #CorporateFraud #adani #OCCRP #environment #energy #pollution #india
https://www.ft.com/content/7451f2de-91fa-49f3-acb3-e83ab5c00eff
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New Evidence Bolsters Allegations Adani Group Overcharged for Coal
The alleged overpricing would not only burden ordinary Indians with inflated fuel costs. Burning lower quality coal also produces more pollution, a scourge responsible for more than 1.6 million deaths in India in 2019, according to a recent study published in the Lancet.
#AdaniGroup #AdaniGlobal #coal #power #OverInvoicing #OCCRP #corruption #adani #energy #DRI #TANGEDCO #ArapporIyakkam #environment #india
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New Evidence Bolsters Allegations Adani Group Overcharged for Coal
The alleged overpricing would not only burden ordinary Indians with inflated fuel costs. Burning lower quality coal also produces more pollution, a scourge responsible for more than 1.6 million deaths in India in 2019, according to a recent study published in the Lancet.
#AdaniGroup #AdaniGlobal #coal #power #OverInvoicing #OCCRP #corruption #adani #energy #DRI #TANGEDCO #ArapporIyakkam #environment #india
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New Evidence Bolsters Allegations Adani Group Overcharged for Coal
The alleged overpricing would not only burden ordinary Indians with inflated fuel costs. Burning lower quality coal also produces more pollution, a scourge responsible for more than 1.6 million deaths in India in 2019, according to a recent study published in the Lancet.
#AdaniGroup #AdaniGlobal #coal #power #OverInvoicing #OCCRP #corruption #adani #energy #DRI #TANGEDCO #ArapporIyakkam #environment #india
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New Evidence Bolsters Allegations Adani Group Overcharged for Coal
The alleged overpricing would not only burden ordinary Indians with inflated fuel costs. Burning lower quality coal also produces more pollution, a scourge responsible for more than 1.6 million deaths in India in 2019, according to a recent study published in the Lancet.
#AdaniGroup #AdaniGlobal #coal #power #OverInvoicing #OCCRP #corruption #adani #energy #DRI #TANGEDCO #ArapporIyakkam #environment #india
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New Evidence Bolsters Allegations Adani Group Overcharged for Coal
The alleged overpricing would not only burden ordinary Indians with inflated fuel costs. Burning lower quality coal also produces more pollution, a scourge responsible for more than 1.6 million deaths in India in 2019, according to a recent study published in the Lancet.
#AdaniGroup #AdaniGlobal #coal #power #OverInvoicing #OCCRP #corruption #adani #energy #DRI #TANGEDCO #ArapporIyakkam #environment #india
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Addendum 1:
Forgot to mention these.
The DRI has alleged that money earned through #overinvoicing has been parked abroad in tax havens and is being round tripped back into India.
It cannot investigate this itself, the ED is the agency that investigates money stashed abroad under the Prevention of Money Laundering Act Ave the income tax department investigates tax fraud.
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As far as I am aware, a handful of journalists across a few publications are covering it diligently. There have been multiple defamation suits due to articles on this subject alone.
However, the scandal has not gotten big yet. For some reason, of 10 scams that are reported, only 1 makes it big on primetime media. This is one of those that hasn't.
The power companies involved, together, supply electricity to over half of India. The #overinvoicing scandal has stolen all of our money.
35/n
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As far as I am aware, a handful of journalists across a few publications are covering it diligently. There have been multiple defamation suits due to articles on this subject alone.
However, the scandal has not gotten big yet. For some reason, of 10 scams that are reported, only 1 makes it big on primetime media. This is one of those that hasn't.
The power companies involved, together, supply electricity to over half of India. The #overinvoicing scandal has stolen all of our money.
35/n
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In all, the DRI alleged, Rs 29,000 crore had been siphoned out of the Indian public's pocket by these companies through #overinvoicing
In March 2016, the DRI issued a "lookout" circular to customs authorities across the country, detailing this modus operandi, and listing the companies involved. This is that circular.
It was first reported here, in this story that made the circular public and named the companies for the first time. There were a few big ones.
10/n
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In all, the DRI alleged, Rs 29,000 crore had been siphoned out of the Indian public's pocket by these companies through #overinvoicing
In March 2016, the DRI issued a "lookout" circular to customs authorities across the country, detailing this modus operandi, and listing the companies involved. This is that circular.
It was first reported here, in this story that made the circular public and named the companies for the first time. There were a few big ones.
10/n
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Covering Adani has become something of my beat, for over two years.
One major thread of this coverage has been of the #overinvoicing scandal, in which Adani is one of the main players.
This thread is to cover everything that is so far publicly known about the scam which is worth up to Rs 29,000 crore by a conservative calculation.
2/n
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Covering Adani has become something of my beat, for over two years.
One major thread of this coverage has been of the #overinvoicing scandal, in which Adani is one of the main players.
This thread is to cover everything that is so far publicly known about the scam which is worth up to Rs 29,000 crore by a conservative calculation.
2/n