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 acting chairman of the Economic and Financial Crimes Commission,Ibrahim Magu,today monday,November 28,2016 visited the Chief of Air Staff,Air Vice Marshall Abubakar Sadique Baba to drum the Message of anti-corruption fight should not be left for the EFCC alone as it is a crime against humanity and a threat to national security. ''Let us all tackle corruption or at least reduce it to its barest minimum'' he said.He appealed to the CAS to use his good office to mobilise women in uniform against corruption.The Women Against Corruption campaign will be flagged off on December 7,2016,at the International Conference Centre,Abuja at 9 am prompt.Below are pictures taken at the event.More photos below.
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