At least 21 international organizations have appealed to Chief Justice of India DY Chandrachud, urging the Supreme Court to expedite the resolution of a pending case filed by the Directorate of Revenue Intelligence against Adani Group firms.
The case involves allegations of overvaluing Indonesian coal imports.
This appeal follows a report by the London-based Financial Times, which referenced documents from the George Soros-backed Organized Crime & Corruption Reporting Project (OCCRP). The report suggested that the Adani Group committed "fraud" in 2013 by misrepresenting low-grade coal as high-value fuel.
The organizations, asserting their opposition to the continued use of fossil fuels, highlighted that the Financial Times report provided new and detailed evidence of the Adani Group allegedly selling "low-quality coal as a far more expensive cleaner fuel" in transactions with Tamil Nadu's Tangedco.
The international organizations that have written to Chief Justice Chandrachud include the Australian Centre for International Justice, Banktrack, Bob Brown Foundation, Culture Unstained, Eko, Extinction Rebellion, Friends of the Earth Australia, London Mining Network, Mackay Conservation Group, Market Forces, Money Rebellion, Move Beyond Coal, Seniors for Climate Action Now, Stand.Earth, Stop Adani, Sunrise Movement, Tipping Point, Toxic Bonds, Transparency International Australia, W&J Nagana Yarrbayn Cultural Custodians, and the Queensland Conservation Council.
The Adani Group has denied all allegations, but the news report has been referenced by opposition leaders, including former Congress chief Rahul Gandhi, who are calling for a joint parliamentary committee to investigate the alleged misconduct.
A spokesperson for the Adani Group stated that the quality of the coal was independently tested at the points of loading and discharge, as well as by customs authorities and officials from the Tamil Nadu Generation & Distribution Company (Tangedco).
The spokesperson said "With the supplied coal having passed such an elaborate quality check process by multiple agencies at multiple points, clearly the allegation of supply of low-quality coal is not only baseless & unfair but completely absurd".
"Moreover, the payment is dependent on the quality of coal supplied, which is determined through the testing process," he said & added tests for quality of consignment in question had yielded results within permissible limits.
The Adani Group also noted that the vessel mentioned in the report as carrying coal in December 2013 had not been used for shipping coal from Indonesia before February 2014.
In an affidavit to the Supreme Court, the Directorate of Revenue Intelligence (DRI) reiterated its intention to resume investigations into the Adani Group for alleged overvaluation of coal imports. The DRI initiated this probe in March 2016, targeting several Adani Group companies for allegedly overvaluing coal imports from Indonesia between 2011 and 2015.
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