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 SUSPECTED LAND RACKETEER IN IBADAN WHO SWINDLED SEVERAL VICTIMS WITH FAKE LAND DOCUMENTS.{PHOTO}.

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                                               Operatives of the Economic and Financial Crimes Commission,EFCC,on December 6,2016 arrested one Raheem Adebunmi Adisa,in Ibadan,Oyo State,for offences bordering on land scam,and obtaining money by false pretence.The arrest of Adisa followed investigations into a petition,which alleged that the accused land racketeer has swindled several unsuspecting victims to the tune of N3,000,000 {Three Million}.He was said to have been involved in the sale of plots of land with an uncompleted building on it,located at plots 7 & 8 Akinsola Layout,off Olorunda Abba Road,Kanku,Onikokoro,Ibadan.He allegedly sold the landed propoerty to the petitioner with fake documents while posing as the owner of the property.However,,while atteempting to take possession of the property,he discovered that he had been swindled by Adisa.Intelligence report on Adisa has it that he is a habitual land scammer whose stock in trade is to defraud unsuspecting members of the public and was recently released from prison custody for similar offence.He would be charged to court as soon as investigation are concluded.

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