INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
The police at Criminal Investigation Department,SCID ,Panti Yaba have arrested a 55 year old man Isiaka Akanbi,following the death of a 65 year old woman Risikat Raheem in a hotel room at Aribo street Olodi Apapa in Lagos state around 7pm for sex .According to sources,they really could not ascertain the actual cause of the agreement which allegedly led to Akanbi beating Risikat to death.He attempted to escape but was held back by the management of the hotels which discovered what happened.Akanbi was handed over to the police who later retrieved the corpse and deposited it in the mortuary for autopsy.He was charged with murder before Ebutte Metta magistrate Mr A.O Komolafe ordered him to be remanded in prison custody at Ikoyi.The court also ordered the posecutor to duplicate the file and send it to DPP for advice.
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