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

IGP ORDERS THE ARREST,PROSECUTION OF PERSONS HOARDING & DIVERTING PETROLEUM PRODUCTS,YESTERDAY.

                      In a new press release yesterday April 29,2016,the IGP said,further to the Nigeria Police Force directives on the activities of unscrupulous elements who engage in illegal sale of petroleum products,there is need to make some clarification that the directive was specifically targeted at those who are involved in hoarding and diverting the petroleum products.However,those with genuine intention to use the products for their legal and genuine business are allowed to purchase the products.The IGP emphasized that no stone will be left unturned by the Police to checkmate those with the attitude of causing discomfort to the innocent citizens in the country.-ACP Olabisi Kolawole,Force Public Relations Officer,Force Headquarters,Abuja.More photos below.                             

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