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 Economic and Financial Crimes Commission,EFCC,Ibadan Zonal Office has apprehended a gang of internet fraudsters comprising the trio of Davies Ayomide Rapheal,Adeyemi Adewumi Segun and Oyewole Segun who allegedly engage in phony online purchases from designated auction sites.The suspects confessed to have accomplices abroad.They were arrested by the operatives of the Commission at different locations following tip-off.Raphael,the arrow head of the gang,prowls on the internet particularly on Craigslist-an online sale and purchase sites,where items ranging from cars and furniture are being displayed for sale.His words: ''I usually pose like a genuine buyer and engage any seller in a bid to purchase a car.After the seller had agreed to the terms of purchase,I go online to edit any PayPal receipt online to reflect whatever agreement reached which includes cost of purchase and the accrued percentage for shipping.Our cohorts abroad,collect the shipping cost which had been added to the cost of the car on the PayPal receipt and send it to either Adeyemi or Oyewole who receives it in Nigeria for us to share.An indigene of Ipetumodu,Osun State,Raphael,27,said he had to recruit his co-travelers,Adeyemi and Oyewole into the Syndicate in order to raise money to pursue his dream of becoming a music star,having dropped out of school.He confessed to have made about N2.5million from the various scams from which he bought a car,Honda Accord {EOD} with registration number EKY437EA,and a Phantom 5 phon Adeyemi and Oyemole who hail from Ondo and Ibadan respectively,also confessed to be members of the Syndicate.Aside being part of the auction scam,Adeyemi,27,stated that he was also into romance scam and had fleeced some unsuspecting victims of their money,the latest being $250 that he got from an Australian.On his part,Oyewole,31,confessed that he collects their proceeds though his account domiciled in one of the new generation banks.According to him,his share in the latest 'deal' was N247.000 which was ten percent of the sum realised.The suspects will be charged to court as soon as investigation is concluded.More photos below.
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