Posts

Showing posts from April 23, 2015

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
Post a Comment
Read more

EFCC TODAY ARRESTED BAYELSA FORMER GOVERNOR TIMIPRE SYLVA,OVER N48 BILLION FRAUD.

-
Image
             According to sources who confirmed the arrest said that,today thursday ''The Economic and Financial Crimes Commission,EFCC,arrested Timipre Sylva,the former governor of Bayelsa state,following his refusal to honour invitations to answer charges over the allegations of fraud running into billions of Naira.The offence is said to have been committed while he served as the governor of Bayelsa state.He was picked up today at his Maitama,Abuja home''.More details later.More photos below.                                                                             
Post a Comment
Read more

NOT LESS THAN 30,000 PEOPLE,TO MARCH TODAY IN JOHANNESBURG AGAINST XENOPHOBIA ATTACKS.

-
Image
                    More than 30,000 people are expected to march through Hillbrow today against the recent scourge of Xenophobic attacks in Gauteng and Kwazulu Natal.The match is being organised by several civil society organisation.They said the march was to express an over whelming rejection of heinus Xenophobic acts.Atleast seven people have been killed in three weeks of the unrest,that have revived memories of Xenophobic bloodshed in 2008 when 62 people were killed mainly in Johannesburg town ships.UN Chief Ban Ki-Moon on wednesday condemned the violence and called for all efforts to be made to avoid future attacks.President Jacob Zuma has pledged to tackle anti-migrant sentiment in South Africa and to address deep rooted problems behind the attacks.One more photo below.                                                                            
Post a Comment
Read more