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 Comtroller General of Immigration Service Martin Kure Abeshi disclosed this at the 2015 stakeholders conference organised by the Rivers State Command on National Development and Global Security Challenges.The Controller General Immigration who was represented by the Acting Controller General Zone E.M.O Shuaibu,said the security challenges around the border areas and the North East are responsible for the movement of people seeking for peaceful environment to dwell.He called for the collaboration of other security outfits in the state to ensure that the migrants in the state do not pose any security threat.The State Controller of Immigrstion Service,A.M.Haliru said the State Command has embarked on stiffer penalty and repatriation of expaatriates without relevant Visa and permit to work in Rivers State.
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