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

Image
  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

8 LARGE ILLEGALLY REFINED AUTOMATED GAS OIL,IMPOUNDED BY JTF SOLDIERS IN RIVER STATE.

                   According to sources,Joint Task force {JTF}soldiers under Operation Pulo Shield {OPS} in River state,intercepted and impounded Eight large barges loaded with illegally refined Automated Gas Oil {AGO} popularly called diesel.The JTF also arrested two suspected oil thieves and confiscated 23 empty barges reportedly used for illegal oil transport.The Commander OPS,Maj.Gen.Alani Okunlola,showed journalists the contraband and other items located near Onne port in River state this weekend.Hr said the troops from OPS Sector 2 intercepted the barges on September 23 during an anti-oil bunkering operation at Tamunotonye Ama village in Ogu Polo Local Government Area {LGA} of River state.He said the illegally refined AGO was loaded in eight large metal barges adding that two of the impounded barges had a loading capacity of seven tanker trucks.Okunlola said other iems found during the operation were large quantities of hoses,18 pumping machine,22 illegal product dumps,44 plastic tanks,three speedboats,two out board engines and 19 storage tanks loaded with stolen crude oil.The sites were destroyed in Situ while the barges were towed to the Ogoloma jetty.The suspects are in the custody of OPS.The operation is a continous one aimed at the eradication of oil theft and illegal bunkering in the Niger Delta and other oil producing areas.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).