“It is becoming clear that the proposed committee is part of a carefully orchestrated exercise by these vested interests to prevent any real investigation into the Adani group’s relationship with the ruling regime: Jairam Ramesh
Adani Power Share/Stock Price Today: Check Adani Power Live NSE/BSE, Historic price charts. Read Adani Power news, profit & loss account, buy-sell, announcements, financial report, company information, annual report, balance sheet, results at Mint
The Adani saga that rattled the Indian stock market over allegations of stock manipulation has now pitted two government agencies against each other. According to Economic Times newspaper, the Directorate of Revenue Intelligence (DRI) has challenged the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in the Supreme Court regarding over-invoicing case against Adani Group’s two companies Adani Power Maharashtra (APML), and Adani Power Rajasthan (APRL).
Gautam Adani published a 413-page rebuttal after allegations of fraud by short seller Hindenburg Research erased $51 billion of his flagship firm’s market value. Some 65 of the 88 questions posed by Hindenburg are based off Adani’s public disclosures and the conduct of the American short seller “is nothing short of a calculated securities fraud under applicable law,” Adani