INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
The trial of former Chief of Defense StaffAir Chief Marshal Alex S. Badeh {rtd},by the EFCC continued today,June 14,2016,before Justice Okon Abang of the Federal High Court sitting in Maitama,Abuja,with further cross examination of PW4,Mustapha Yerima,Managing Director of Ryte Builders Nigeria Limited,who had assisted him in procuring and constructing several choice properties within the Abuja Metropolis.While being cross examined by counsel to the first defendant,Akin Olujimi,SAN,Yerima told the court that he had been invited severally to the EFCC to answer questions regarding his knowledge of monies allegedly spent at tthe instance of Badeh,Yerima,who had made five separate statements to the EFCC,on January 6,2016;January 12,2016; January 18,2016'February 5,2016 and February 10,2016,respectively,maintained that the contents of his statements were accurate,except in instance of minor corrections and/or omissions.One more photo below. 
Comments
Post a Comment