Skip to main content

No findings in Indian probe into fraud against Adani Group, coal project to net huge taxes: Australian minister

Way to the coalmining site in Australia
By Our Representative
The Australian government has brushed aside fresh allegations being made in the country's media on multiple financial crime and corruption probes Adani Group of companies for "siphoning" money offshore and artificially inflating power prices at the expense of Indian consumers, as nothing but “faking news”.
In an interview with the powerful Australian Broadcasting Corporation (ABC), Matthew Canavan, Minister for Resources and Northern Australia and a senator from Queensland province, where the Adani Group is going ahead with its $16 billion coalmining project, has said that “there are no findings at this stage on this investigation.”
In an effort to bail out the Adani Group, Canavan insists, “It's not unusual of course for tax authorities and others to investigate large companies, as it happened in this country with many companies and have involved large settlements with the Australian Taxation Office. ”
On being asked whether the Australian government was “aware of this investigation by the intelligence arm of the Indian Finance Ministry into the Adani Group”, Canavan says, he has asked his  department for advice about it as he does not know its status “apart from the fact that they remain allegations.”
“The biggest issue will be how do we get jobs and Adani and this project will create jobs”, the minister says, adding, he is “very confident that the Adani project. Hopefully it will happen, it will deliver billions of dollars of taxes to both the Queensland and Australian governments. ”
On being asked about why the Adani Group was being offered “$1 billion “taxpayer subsidized loan for the rail project part” of the Adani coalmining venture by the Northern Australia Infrastructure Facility “when there are all these fraud investigations underway”, the minister says, he will “take advice” on the matter, but the Facility is an “independent skills-based board”, which will “make an assessment.”
On environmental concerns about the Adani Group's projects in India, the minister said, “Both the Queensland and Australian governments have looked at all of this extensively, indeed I remember this coming up in questioning to the Department of Environmenquestionedt when the approvals were made and I was comfortable with what the Department of Environment federally has looked at.”
The Australian government clarification came following an ABC investigation by business reporter Stephen Long, claimed to be based on a circular issued by India's Directorate of Revenue Intelligence obtained by ABC.
The report said, "Intelligence obtained by the Directorate of Revenue Intelligence indicated that certain importers of Indonesian coal were artificially inflating its import value as opposed to its actual value."
“Five Adani Group companies are among a number of power companies named in the circular as under investigation”, the report said, adding, ”These include Adani Enterprises Ltd, the ultimate parent company of the Adani entity, which holds the environmental approvals for the planned Carmichael Coal Mine and a railway to the mine.”
“Adani Enterprises Ltd has also been accused of involvement in large-scale illegal iron ore exports and bribery of public officials”, the report said, adding, “According to a 2011 report by the ombudsman of the Indian State of Karnataka, obtained by the ABC, police seized documents from Adani Enterprises in raids which indicate that money has been regularly paid to port authorities, customs authorities, police department, mines and geology and even to MLAs/MPs".

Comments

TRENDING

Missed call drive for VVPAT verification follows online plea to "pressure" poll panel

By Our Representative
Several political activists have begun a new campaign, asking concerned citizens to give a missed call on 9667655855 to “support the demand that 2019 Loksabha elections must be declared only after verification of 50% electronic voting machines (EVMs) with Voter Verifiable Paper Audit Trail (VVPAT) receipts.” The effort, supported by civil society networks across India, is meant to "further pressure" India's election machinery to ensure that the poll outcome becomes more transparent.

Now, top Gujarat "litterateur" close to Modi says: Godse was patriot, so was Gandhi

By Rajiv Shah
A little over a week after Prime Minister Narendra Modi criticized BJP candidate from Bhopal Pragya Thakur for calling Nathuram Godse a patriot saying he would never forgive her for the remark, a top Sangh Parivar ideologue, known to close to Modi in Gujarat, has supported her, saying her statement should be seen “within a context.” Thakur won from Bhopal by more than 3.5 lakh votes defeating her nearest rival, veteran Congressman and ex-Madhya Pradesh chief minister Digvijay Singh.

Opposition refuses to legally challenge EVMs amidst plans of "back to ballot" protest

Counterview Desk
Even as opposition to the use of electronic voting machines (EVMs) allegedly to rig polls is growing, a group of prominent citizens who have come together to form the EVM Virodhi Rashtriya Jan Andolan has controversially called for a national protest against EVMs on May 30, demanding future elections should be held only on ballot paper.

When a Pak scribe said Modi has 'proved' Jinnah’s two nation theory right...

By Zafar Agha*
It was around nine in the morning on May 24, 2019, a day after Prime Minister Narendra Modi stormed the Lok Sabha with 300-plus MPs. It was a call from a journalist friend, Muzamal Suhrawardy, from Lahore, Pakistan. I ignored the call. We liberals had a depressing day the previous evening as the opposition to Modi and BJP collapsed. The results belied reports from the ground and even assessments made by colleagues.

It's now official: Akshay Kumar has not been conferred honorary Canadian citizenship

By Our Representative
It is now official. Super-star Akshay Kumar has not been conferred any honorary citizenship by Canadian authorities, as claimed by him ahead of the 2019 elections. In reply to a query by Roshan Shah, who is a Canadian citizen living in Waterloo, Ontario, and belongs to Ahmedabad, the country’s authorities dealing with issues related with immigration, refugees and citizenship in Canada have said that only six persons have so far been granted honorary citizenship.

If EC's credibility is under question, shouldn't one "assume" EVMs might be tampered?

Counterview Desk
Gauhar Raza, scientist, documentary film maker and poet; senior human rights activist Shabnam Hashmi of the Act Now for Harmony and Democracy (ANHAD); military veteran Major Priyadarshi Chowdhury (retd); and Sucheta De and Sandeep Saurav of the All India Students' Association (AISA), have asked “individuals, organisations and people's movements” to send their endorsement to an appeal they have prepared on Electronic Voting Machine (EVM).

Common thread of Modi, political Hinduism, nationalism? 'Contest' of ideas isn't over

By Salman Khurshid*
Losing the 2019 election and that too in a somewhat extreme manner has confronted us with unexpected challenges: Our leadership has naturally taken it very hard and to heart but with suggested options that we cannot imagine or contemplate. Hopefully the emotions will settle soon and give us the direction to pick up the pieces and march again.

Savarkar in Ahmedabad "declared support" to two-nation theory in 1937, followed by Jinnah three years later

By Our Representative
One of the top freedom fighters whom BJP and Prime Minister Narendra Modi revere the most, Vinayak Damodar Savarkar, was also a great supporter of the two nation theory for India, one for Hindus another for Muslims, claims a new expose on the man who is also known to be the original proponent of the concept of Hindutva.

Govt of India overestimated GDP by 2.5%, must restore reputational damage: Ex-CEA

By Rajiv Shah
Top economist Arvind Subramanian has said that changes brought about by the Government of India in data sources and methodology for estimating the country’s gross domestic product (GDP) since 2011-12 “has led to a significant overestimation of growth”. While official estimates place annual average GDP growth between 2011-12 and 2016-17 at about 7 percent, the actual growth may have been 4½ percent, ranging from 3 ½ to 5 ½ percent during the period, he adds.

Will minorities in India be 2nd class citizens? Wake up call: Be a 'communicating' Church

By Fr Cedric Prakash sj*
India today is at a defining moment of her history. There is so much that has taken place in the past five years (and particularly in the last ten days)- that several citizens of the country are genuinely concerned about the future of the country! Will democracy survive? Will key elements of the Constitution be changed?