Delhi HC asks CBI and DRI to look into allegations of over-invoicing of equipment by Adani Power
DRI) to look into the allegations of over-invoicing of equipment by Adani Power will not apply till the Supreme Court decided a review petition filed in a related case.
A Division bench comprising justice Suresh Kumar Kait and Neena Bansal Krishna noted that Adani Power’s submissions that the department (revenue) has filed a review in the SC. “Accordingly, till then, direction given in paragraph 52 (directing the CBI to look into over invoicing allegations) shall not be applicable in case of Adani Power,” it said.
A review petition filed by the Revenue department against dismissal of its appeal last year is pending before the apex court.
The case relates to the import of equipment/machinery by Adani Power Maharashtra and Adani Power Rajasthan (now both firms merged into Adani Power). The SC had last year upheld the Directorate of Revenue Intelligence’s order dropping investigations against the two companies.
According to the company, so far as the investigation/preliminary enquiries (PR) being initiated against its entities was concerned, the HC had earlier recorded the CBI’s stand that the PE initiated against various companies and unknown officials of some PSU banks was closed in July 2015 on jurisdiction issue and the CBI chose not to challenge the closure.
