There appears to be a major scam involving some of India’s mightiest companies like Adani Group and Anil Dhurubhai Ambani Group and forty of India’s biggest energy companies. This is currently under the Directorate of Revenue Intelligence (DRI) scanner. Conservative estimates put the amount involved at nor less that Rs. 29,000 crore, which then is passed onto the electricity consumer in the form of higher power tariffs.
What was the exact modus operandi of these companies? What did the companies actually do to inflate the price of coal that they were importing? How did this scam come to light? To discuss and to know more about these issues Newsclick interviewed Editor, Economic & Political Weekly, Paranjoy Guha Thakurta, who exposed the scam. Read More