May 24th 2024.
A group of 21 international organizations have recently reached out to Chief Justice DY Chandrachud, urging the Supreme Court to swiftly address a pending case involving Adani Group firms. These firms are under investigation by the Directorate of Revenue Intelligence for possible overvaluation of coal imports from Indonesia.
The catalyst for this letter was a report published by the Financial Times, which cited documents from the Organized Crime and Corruption Reporting Project (funded by George Soros). The report suggested that the Adani Group may have engaged in fraudulent practices by selling low-quality coal as a higher-value fuel back in 2013.
The organizations who wrote to Chief Justice Chandrachud made it clear that they are strongly opposed to the continued use of fossil fuels. They believe that the Financial Times report provides compelling evidence of the Adani Group's attempt to pass off inferior coal as a more expensive and cleaner form of energy in transactions with Tangedco, a power generation and distribution company in Tamil Nadu.
Among the 21 organizations that signed the letter are the Australian Centre for International Justice, Banktrack, Bob Brown Foundation, Culture Unstained, Eko, Extinction Rebellion, Friends of the Earth Australia, London Mining Network, and Mackay Conservation Group, to name a few.
The Adani Group has denied all allegations made against them, but the news report has sparked reactions from opposition leaders, including former Congress chief Rahul Gandhi. They have called for a joint parliamentary committee to investigate the alleged wrongdoing.
In response to the allegations, a spokesperson for the Adani Group emphasized that the quality of their coal is thoroughly checked by multiple agencies at various stages, including customs authorities and officials from Tamil Nadu Generation and Distribution Company. They also clarified that payment is based on the quality of coal supplied, which is determined through testing.
The group also pointed out that the vessel mentioned in the report did not transport coal from Indonesia until February 2014, debunking the claim that it was used to import low-quality coal to India in December 2013.
The Directorate of Revenue Intelligence had previously stated its intention to resume investigations into the Adani Group's alleged overvaluation of coal imports in an affidavit submitted to the Supreme Court. This probe was initiated in March 2016 and involves a few Adani Group companies.
Overall, the letter from these international organizations serves as a reminder that the issue of climate change and the use of fossil fuels is a global concern. It also highlights the importance of holding corporations accountable for their actions and ensuring transparency in business dealings.
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