Adani, whose company is part of the Rs 26,000-crore Adani Group, was apprehended in Ahmedabad and was being taken to Goa where the case was registered against him, CBI spokesman Harsh Bahal said in New Delhi. He was later released on interim bail.
The Anti-corruption branch of CBI's Goa unit claimed in its FIR that the ten Customs officials allegedly entered into a conspiracy with the two companies and undervalued import of two consignments of Naptha and one of furnace oil, thus causing the loss of Rs 1.07 crore.
The Mumbai-based firm had been charged with providing free warehousing for the three consignments, which they were not entitled to. The case was registered on April 25, 2008, under sections 120-B (criminal conspiracy), 420 (cheating) and for abuse of official position.
Reacting to his arrest, the Adani group said till date no case or show cause notice was given to Adani regarding the case. "Adani Enterprise Ltd petroleum products division had made arrangements, in the normal course of business, to import certain petroleum products in 2005-06 and 2006-07 on behalf of licence and permission holders," the company said in a statement.
Adani was released from a Gandhinagar civil hospital after he had complained of high blood pressure and CBI was preparing to take him to Goa.