The Congress has demanded that a Special Investigation Team be set up by the Centre to ensure “objective and time-bound” enquiry into the alleged over-valuation of coal imports. The party said the ongoing DRI (Directorate of Revenue Intelligence) probe on the role of 40 companies should be impartial.

Congress core committee member Jairam Ramesh told reporters here on Monday that overvaluation is a scam worth ₹29,000 crore. “Among these 40 companies, Prime Minister Narendra Modi’s industrialist friend Gautam Adani’s company, too, is included,” Ramesh claimed.

“The SBI denied handing over of some key papers to the DRI despite a direction from the Finance Secretary. The SBI said handing over of some papers will be against the existing laws in Singapore. Why didn’t Modi raise this issue with the authorities when he was in Singapore,” Ramesh asked.

He added that the DRI issued Letters Rogatory (LRs) to Singapore seeking its help to access documents lying with overseas branches of SBI bank, where coal import transactions took place. “The Finance Minister, who blogs on almost all issues, is silent on this huge corruption,” Ramesh said added only an impartial probe by the SIT will bring out the truth.

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