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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EFCC ARRAIGNED OLISA METUH BEFORE THE F.H.C TODAY,FOR DESTRUCTION OF EVIDENCE.

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                      Today thursday,the Economic and Financial Crimes Commission {EFCC} arraigned the National Publicity Secretary of the Peoples Democratic Secretary of the Peoples Democratic Party {PDP},Olisa Metuh,before the Federal Capital Territory High Court,Abuja,over destruction of evidence in his criminal case.Metuh who is also standing trial for his alleged involvement in the diversion of arms procurement funds,reportedly destroyed the statement he wrote to EFCC operatives during investigation.The PDP spokesman,however pleaded not guilty to the two count charge filed against him./Metuh who was granted bail by a judge at the Federal High Court,Abuja on tuesday is still in prison following his inability to perfect the bail conditions.According to sources,the presiding judge in the fresh case,Justice Ishaq Bello,adjourned the matter till next monday.One more photo below.                                                                                                                                                              

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