The Mumbai wing of the Directorate of Revenue Intelligence (DRI) issued a Rs. 5,500-crore showcause notice to two companies of the Gautam Adani-led Adani Group and Maharashtra Eastern Grid Power Transmission Company Ltd (MEGPTCL) and its contractor PMC Projects.
"We have received the show cause notice from DRI. We are evaluating the same and would decide [our] further course of action based on legal advice," an Adani group spokesperson said on Sunday.
DRI sent the notices to two of the companies of the Adani group - Adani Power Maharashtra Ltd (APML) and Adani Power Rajasthan Ltd (ADRL) for alleged “over valuation” of capital equipment for power projects by Rs. 2000 crore. The companies have been given 30 days time to reply.
P.K. Dash, Additional Director General, DRI, Mumbai zone, told The Hindu , “Two show cause notices, one to APML & APRL and another to MEGPTCL & their contractor PMC have been issued for over valuation of bills for power project equipment.”
Rubbish media reports that the move was politically motivated, Mr. Dash said, “It is unfortunate. If we wanted to politicise the matter, we would have sent the notice before the elections. The notice was sent in due course of the investigation when we got strong evidence against the companies”.
Congress vice-president Rahul Gandhi had repeatedly attacked the Adani group for links to BJP prime ministerial candidate Mr. Narendra Modi during the poll campaigns.
According to sources, the agency was probing the role of a UAE based company, which supplied machinery and equipments to various firms. The import of the equipments very allegedly over valued.
