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 Police men who acted on a tip-off by the LASTMA's management about the missing batteries from their premises,laid siege for the suspect,and caught him while attempting to remove another battery from an impounded bus.No fewer than Twenty {20} batteries have been removed from the impounded vehicles which were parked inside the premises within a fortnight.On his arrival at the RRS Headquarters,the suspect owned up that he operated with an accomplice he identified aas Yahoo,now at large.According to him ''Yes,I am responsible for the missing batteries.But I didn't work alone.We are a two-man syndicate who usually steal batteries...Our target vehicles was Volkswagen bus because its batteries can be removed easily without much stress.We don't usually go for trailer for its battery is protected with burglary...The suspect,who was picke-up at about 2:00 am over the weekend,by the operatives,said that he always scale through the agency's fence to access the compound and remove the batteries while his accomplice stayed outside to watch the surroundings for him.He confessed that ''We have devised our operation to the extent that no one could suspect us while committing the crime inside the premises...We know the exact time to scale through the fence because their security guards are too fond of sleeping .We capitalized on their inefficiency to strike''.The suspect,who is a a native of Ijebu-Ode,said that he sold each battery for N2,500 to one battery charger at Ogijo,suburb of Ogun state.His confessional statement led to the arrest of the receiver of the stolen items,Nofiu Oriade,46,the following day by the RRS operatives.The receiver of the stolen batteries who professed ignorant of the crime,said that he never knew those batteries were stolen items.''I was ignorant of the sources of those batteries.I thought he was a scavenger who picked up any unsused items from refuse dumb.I don't know he is a thief.I have regretted my action to have been collecting those batteries from him''.While confirming the arrest of the two suspects,the State Police Public Relations Officer,{PPRO} Superintendent of Police,Dolapo Badmus,said that the onslaught to rid-off crime activities in the state is yielding more positive results.Th suspects have been transferred to Special Anti-Robbery Squad {SARS} for further investigation.
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