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Mukesh Ambani | Captive power deal binds tycoons Mukesh Ambani and Gautam Adani: Reliance Industries picks 26 per cent stake in Adani Power project

Mukesh Ambani | Captive power deal binds tycoons Mukesh Ambani and Gautam Adani: Reliance Industries picks 26 per cent stake in Adani Power project
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DRI moves tribunal against relief to Essar Group in over-invoicing case

​​Between March 2015 and August 2016, the Mumbai zone of the Directorate of Revenue Intelligence had issued issued show-cause notices (SCNs) against several Essar Group companies. . The agency said investigations showed the group allegedly siphoned off funds abroad through GSF, an intermediary in the UAE, which was controlled and managed by the Ruia family through the ultimate holding company of the Essar Group.

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