- The Directorate of Revenue Intelligence has been trying to obtain transaction documents related to Adani’s dealings from Singapore authorities since 2016, suspecting overpricing in coal shipments.
- Adani Enterprises has repeatedly blocked the release of these documents through legal challenges in India and Singapore, despite the agency’s approval to seek information under a mutual legal assistance treaty.
- The revival of the probe comes amid wider scrutiny of Adani following accusations of tax haven misuse and stock manipulation, which triggered a $150 billion plunge in the group’s stocks.
[Via]
