Addressing reporters here, senior Congress leader Jairam Ramesh said that on October 2014 the Directorate of Revenue Intelligence, an institution of the Ministry of Finance, had announced that there was a huge scam in the case of export of coal and his investigation has begun.

Jairam Ramesh said that the first announcement took place in October, 2014, DRI made a statement and DRI has been ordered to investigate the over-invoicing in coal import. After this DRI gave a second statement on March 31, 2016, and for the first time in this statement it was informed that 40 companies are being examined before the proceedings, 40 companies are involved in this scam and overall, there is a scam of Rs 29,000 crore. The statement from DRI was given for the second time, on March 31, 2016. This statement came from the DRI, investigating the Rs 29,000-crore scam in the purchase of 40 companies and most of the coal from Indonesia.

Overvaluation of Coal Imports: AICC Press Briefing By Jairam Ramesh at Congress HQ

Directorate of Revenue Intelligence (DRI) is probing approximately 40 companies for overvaluation of Indonesian coal imports.

This overvaluation of coal imports amounts to ₹29,000Cr.

Among these 40 companies, Mr. Narendra Modi's industrialist friend Gautam Adani's company, too, is included.

DRI issued Letters Rogatory (LRs) to Singapore seeking its help to access documents lying with overseas branches of SBI bank, where coal import transactions took place.

Adani firm had asked Singapore Court to quash the LRs issued by DRI, but Singapore court rejected the plea. Now Adani firm asks Bombay HC to stall the DRI probe.

An SIT must be set up to ensure objective and time-bound enquiry.

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