New Delhi, Feb 27 (Inditop.com) The managing director of the Ahmedabad-based Adani Group was arrested Saturday for allegedly evading customs duty of Rs.1.07 crore, the Central Bureau of Investigation (CBI) said here.
“We arrested Rajesh Adani from Ahmedabad for causing a loss to the exchequer of Rs.1.07 crore,” a CBI spokesman said.
He was arrested after the CBI’s Goa branch registered a case against him and 10 officials of Goa customs and central excise for cheating and criminal conspiracy. The case was registered April 25, 2008.
According to the CBI, 10 customs and excise officials conspired with private parties and by abusing their official positions facilitated the import of two consignments of Naphta and furnace oil in 2005-06. They undervalued the consignments, causing a loss of Rs.1.07 crore to the exchequer.
“These consignments were imported by the Adani group and stored in the bonded warehouse at Goa,” the official added.
Founded in 1988, the Adani Group has grown from being a trading house to a diversified and dynamic business group with interests ranging from infrastructure development to FMCGs.
