Indian revenue agency attempts to revive stalled probe into Adani coal imports

  • 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.


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