Writ alleges the Adani Group,the Indian company Essar, and several others inflated the price of power equipment and coal ‘in order to cheat the people’ Public-interest litigation has been filed in India’s top court asking for a special investigation into claims the Adani Group and other energy companies inflated coal and equipment prices to siphon money from India.
In August the Guardian revealed details of a massive fraud investigation into the Adani Group, and an Indian conglomerate preparing to build one of the world’s largest coal mines in Australia.[br] Related: Adani mining giant faces financial fraud claims as it bids for Australian coal loan Related: Indian opposition calls for investigation into Adani over financial fraud allegations Related: Mining giant Adani cleared in moment case over allegations of financial fraud Continue reading...
Source: theguardian.com