Overvaluation of Indonesian coal, power equipment: Delhi HC to hear Prashant Bhusan’s plea today (By The Indian Express)

1. This coal is then supplied to public sector coal based thermal power generation companies in India at the “artificially inflated import price and the inflated price is remitted from India to the intermediary firms abroad which remit only the actual price to the suppliers of the Indonesian coal and the balance is siphoned off elsewhere”.

2. New Delhi-based senior advocate Prashant Bhushan has filed a Public Interest Litigation (PIL) in the Delhi High Court on the alleged over-valuation of Indonesian coal and power equipment imports by some of the top firms in the country to the tune of Rs 20,000 crore.

3. The agency has already issued show-cause notices to two Adani Group firms and two Essar Group firms for over-invoicing power plant equipment to the tune of Rs 10,050 crore.

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