On December 19 last year, the High Court had directed CBI and DRI to to look into allegations of over-invoicing by power companies belonging to Adani Group, Essar Group and others.
Over-invoicing involves inflating the value of goods or services to make it appear that the companies are spending more on imports than they actually are
On December 19, 2023, the high court had directed the two federal probe agencies to meticulously and expeditiously look into the allegations of over-invoicing of imports by various power generating companies in India, including the Adani Group and the Essar Group, to ascertain the factual position and take appropriate action against the erring firms.
Earlier, the Delhi High Court had directed the agencies to “meticulously” look into allegations of over-invoicing by several power companies including those of the Adani Group and Essar Group.
The Delhi High Court has kept in abeyance its order directing the Central Bureau of Investigation (CBI) and the Directorate of Revenue Intelligence (DRI) to investigate allegations of over-invoicing of imports by the Adani Group and other power .