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
Within the months of October and November 2016,the Federal Operations Unit Zone A of the Nigeria Customs Service has recovered six hundred and eleven million,six hundred and seventy six thousand,nine hundred and thirty eight naira {N611,676,938}.This amount was regained from economic saboteurs that attempted false declaration,transfer of value and short change of duty payment.Parboiled rice {13,678 bags},Frozen poultry products {12,007 cartons} and vegetable oil {668 jerry cans} were the top items on the seizure list and over 200 other items comprising of vehicles,and various merchandise.Speaking at a press briefing in Ikeja,the Controller of the Federal Operations Unit,Zone A,Comptroller Haruna Mamudu said since he assumed office in October 2016,he had reviewed and reflected operational modalities towards sustaining the statutory mandate of anti-smuggling operations so as to keep the flag flying.The Comptroller revealed that intensified operations at various bonded terminals and warehouses to ensure compliance to extant laws have yielded results as 6 {six} warehouses in Lagos have been sealed since he assumed office.Also,77 suspects arrested in connection to the various contraventions have already been charged to court for prosecutions while 4 of the suspects have been convicted of the crimes.He advised economic saboteurs to desist from carrying out illegitimate businesses or attempt nefarious acts this yuletide season saying that Customs tactical strategies of blocking revenue leakages and anti-smuggling activities will make them count their loses.More photos below.
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