Overpricing of Coal Imports by Adani Group Led to Higher Profits, Customers Overcharged for Fuel: FT
A detailed FT investigation points to Adani’s use of “offshore intermediaries” to import $5 billion worth of coal at prices that were at times more than double the market price. One of these firms is owned by a Taiwanese businessman who was named by FT as a hidden shareholder in Adani firms.