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 picture above belongs to Kanayo Awurum.According to sources,the Special Anti-Robbery Squad of Lagos state police command has arrested a man for allegedly selling his 2 year old on for N300,000.Investigation revealed that Kanayo Awurum,a painter from Imo State,allegedly impregnated his girlfriend,Ugochukwu Kelechi and he absconded shortly after that.It was after Kelechi gave birth to the boy that he was sold when he was two years old without her knowledge.Two years after,Awurum cam back and apologised to her and told her people that he will like to marry her and he should go and bring his people.Thereafter,he relocated to Lagos to meet Kelechi at Ikotun.It was gathered that he had no money after he relocated to Lagos,as a result of that,he told Kelechi about his intention to use his son for a loan with a promise that after three months,he would offset the loan and claim the boy back.His wife was said to have objected to that.But when he relocated to Lagos with his wife,he left his son in the care of a relation in his village.His friend Ibe Emmanuel,allegedly advised that Ibe even went ahead to assist in looking for a buyer and found one in Port Harcourt where the boy Chukwunonyerum Samuel,was allegedly sold to Mrs Chinwe for N300,000.His friend Ibe who assisted in getting a buyer was given N50,000 for his commission.Awurum allegdly used part of the money to rent a self contained room at Ikotun and paid for a year and half.After sometime,one of Awurum's relatives called him for a house painting contract in Owerri.He proceeded to Owerri fro where he called Kelechi and told her that the landlord should rent out the self contained room in Lagos to another person.The woman became worried and suspicious until Awurum stopped picking her calls.This prompted her and the landlord to report the matter to Ikotun Police station and the matter was later transferred to Lagos.He was tracked down and arrested and upon interrogation,he allegedly confessed to the police that he sold his son.Lagos state Police Command Public Relations Officer,Kenneth Nwosu,confirmed the arrest.
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