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Modi Government's ₹500 Crore Bonanza to Adani Group Company

By frequently changing the rules relating to power projects located in special economic zones, the department of commerce in the ministry of industry and commerce has allowed Adani Power claims for refunds of customs duties to the tune of ₹500 crore. Curiously, the duties were never paid. An investigation by the EPW.

Did Adani Group Evade ₹1,000 Crore Taxes?

The corporate conglomerate headed by Gautam Adani has been accused by the Directorate of Revenue Intelligence of having allegedly evaded taxes and laundered money to the tune of around  ₹1,000 crore while trading in cut and polished diamonds and gold jewellery. The DRI has claimed that companies in the Adani Group misused export incentives and indulged in high-velocity circular trading through a complex web of front companies located in different parts of the world. The government seems strangely reticent about fi ling a review petition in the Supreme Court that could protect its revenue interests.

Adani Group Accused of Evading ₹1,000 Crore Taxes in Diamond Trade

The corporate conglomerate headed by Gautam Adani has been accused by the Directorate of Revenue Intelligence of having allegedly evaded taxes and laundered money to the tune of around ₹1,000 crore while trading in cut and polished diamonds and gold jewellery. The DRI has claimed that companies in the Adani Group misused export incentives and indulged in high-velocity circular trading through a complex web of front companies located in different parts of the world. The government seems strangely reticent about filing a review petition in the Supreme Court that could protect its revenue interests.

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