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Showing posts from April 2, 2015

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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4 EMIRATE AIRLINE STAFF,ARRAIGNED BEFORE THE F.H.C IN LAGOS FOR $1.6 MILLION FRAUD.

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                   The four suspects are identified as Abayomi Adekanbi Abiola,Isiaka Adegoke Adedeji,Awonubi Abayomi and George Ikpekhia,were arraigned alongside Emirates Airlines,Pathfinders international LTD and Nigeria Aviation Handling company LTD.The accused persons were arraigned on eleven count charge of stealing,fraud,obtaining money under false pretence,willful destruction of evidence and failure to report an international transfer fraud.The accused persons were alleged to have on the 19th of December 2007,at the Murtala Muhammad International Airport Lagos state,stole four bags with tag number EK 428682,EK 428683,EK 650162,EK 650161,containing the sum of $1.6 million,belonging to PArince Chuikem Orji,on the promise of keeping them intact for onward delivery to him at Guangzhou,China.They were also alleged to have conspired together to fraudulently defraud the victim of the four bags containing the said amount by willfully destroying the evidences through deletion of baggage
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CHINESE DRIVERS,ARE RELUCTANT TO PURCHASE ELECTRIC VEHICLES,DUE TO A LACK OF CHARGING STATIONS.

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               According to sources,due to a lack of charging stations,Chinese drivers are reluctant to purchase electric vehicles,despite the governments efforts to promote green cars nation wide.Currently,to buy an electric car,drivers can enjoy a government subsidy up to $16,000.Even so,among the 260 million cars running on China's roads,electric vehicles account for less than 0.1%.Many drivers have avoided buying electric vehicles because they are daunted by the prospect of being stranded halfway home due to the inconvenience of charging their cars.Most of the charging stations are far away from residential areas,and not all off them are open to private use.Xue Xu,a professor from Peking University said ''An obstacle to the mass adoption of electric cars is the battery technology.Chinese companies should invest and research more in developing big batteries before the market is taken over by international brands''.One more photo below.           
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