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 ARRESTED A BLOGGER TODAY IN ABUJA FOR CYBER STALKING.{READ}.

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                     The Economic and Financial Crimes Commission {EFCC} today monday arrested Mr Abubakar Sidiq Usman,a blogger,for offence bordering on cyber stalking.The suspect who is an online publisher was picked up at his Kubwa,Abuja home in the early hours of Monday August 8,2016 by operatives of the EFCC and is currently being questioned over the alleged offence which contravenes sections of the Cyber Crime Act.The suspect has already been offered administrative bail and would be released to his elected sureties.

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