India Seeks Supreme Court's Help to Restart Stalled Adani Coal Imports Probe
The probe, which has been thwarted by legal challenges from Adani Enterprises, is part of wider regulatory scrutiny following allegations of improper use of tax havens and stock manipulation.
- Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore.
- The Directorate of Revenue Intelligence since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities.
- Adani Enterprises and its subsidiaries have successfully mounted repeated legal challenges in India and Singapore to block the documents' release.
- The effort to revive the coal probe comes amid wider regulatory scrutiny of Adani since Hindenburg Research in January accused the tycoon and his conglomerate of improper use of tax havens and stock manipulation.
- The next hearing is scheduled for Feb. 6.
CNA 
Reuters 
