INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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
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MINISTER OF FINANCE OKONJO IWEALA,ORDERS THE TERMINATION OF SURE-P PARTNERSHIP WITH FORCECOM NETWORK LTD.

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                            This termination was contained in a statement issued to news men yesterday thursday in Abuja by Mr Suleiman Haruna,Communication Specialist to SURE-P.The statement said the minister further directed that the firm should be investigated by the security agencies.The minister said the firm should be investigated for deploying interns to work on mobile money business months after they were deployed to the company.She also accused the firm for presenting 'time sheets' which shows that the interns had worked and requested payment of their monthly stipend when they did not work.In the statement,the GIS guidelines stipulated that interns should be paid for the number of days they worked every month.The statement said the managing Director of the firm,Mr Paul Okafor coerced interns to sign undertaking to pay N7,500 of their monthly stipend for training with Lekki Business school.It is also alleged that the company fraudulently convinced graduates to register in January 2015 and set their hire date as November 2nd.

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