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,QUIZZES FUNAAB PRO CHANCELLOR TODAY IN IBADAN.{PHOTO}.

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                           Senator Adeseye Ogunewe,the Pro Chancellor,Federal University of Agriculture Abeokuta,FUNAAB is being quizzed at the Iyaganku office of the EFCC,Ibadan today August 31,2016 in respect of an alleged case of abuse of office and misappropriation of funds reported against the University Pro Chancellor,Vice Chancellor,Professor Olusola Oyewole,management and some members of the Governing Council.According to a petition submitted to the EFCC by the Concerned Stakeholders of the Federal University of Agriculture,it was alleged that the Pro Chancellor and the Vice Chancellor engaged in an ''unbridled corruption and betrayal of public trust''.Ogunewe is still being interrogated by the EFCC operatives of the Commission.

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