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 RE-ARRAIGNS EX-PENSION DIRECTOR ''KATUN'' YESTERDAY+UPDATE ON ALHAJI SULE LAMIDO'S TRIAL.

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               The Economic and Financial Crimes Commission {EFCC} yesterday tuesday re-arraigned Mohammed Ahmed Katun,a former Assistant Director,Pension Account,Office of the Head of Service of the Federation,OHCSF,on a 12-count amended charge bordering on diversion of pension funds to tune of N81.4 million before Justice A.R. Mohammed of Federal High Court,Abuja.Then also yesterday tuesday March ,presented another witness,Alhaji Sule Lamido,erstwhile governor of Jigawa State,who is being prosecuted by the Commission on a 27-count charge bordering on abuse of office and money laundering before Justice Adeniyi Ademola of the Federal High Court Maitama,Abuja.More photos below                                                                                                                   

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