....If true, one effect of the alleged scheme would have been to move vast sums of money from Adani Group’s domestic accounts into offshore bank accounts where it could no longer be taxed or accounted for. Because tariffs for using electricity transmission networks are determined partly by what they cost to build, if the DRI’s accusation
s are correct, the overvaluation of capital goods would have been likely to have led to higher power prices for Indian consumers. ...
[Read full article on Guardian
Sunday 20th of August 2017 02:28:19 AM