While the group has informed Australian authorities that Atulya Resources is the holding firm for the company’s operations, ABC alleges that it is actually a holding firm in the British Virgin Islands controlled by Vinod Adani.
The adjudicating authority in the Directorate of Revenue Intelligence case on alleged over-invoicing of power equipment has evidently been sympathetic to the Adani group. But this is just one instance.
Directorate of Revenue Intelligence report shows how an Adani subsidiary allegedly used a Dubai-based front company to over-invoice imports and then move Rs 1,500 crore to a Mauritius-based firm controlled by Gautam Adani’s brother.
The three year-long CBI investigation into Jatin Mehta’s Winsome Diamonds has finally come to an end. While there are a number of questions still remaining, will the guilty be punished?