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
T. Joshua the founder of Synagoue Church of All Nations in Ikotun,reported the 25 suspects after he found out out they are extorting money and defrauding genuine worshipers.The suspects were arrested by the police and brought before Ejigbo Magistrate court today,to be arraigned but their arraignment was deferred following the absence of the magistrate.They were returned to the police station where they would be detained till thursday when they would be arraigned.It was gathered that the suspects and others now at large constituted themselves into agents,moving round the church both day and night soliciting for customers who will rent their apartments.It was learnt that the suspects allegedly defraud innocent worshipers who could not afford to secure the church accommodation because of the price.Since a guest house collapsed at the church on 12th of September 2014,worshipers have been finding it difficult to get accommodation.The suspected fake agents reportedly capitalised on the situation to defraud the members.Though some of the suspects escaped,but the ones that were arrested will face the law.
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