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
I just received a very shocking news that a man identified as 34 year old Okolo Kingsley Emenike was nabbed on arrival from Brazil at the Nnamdi Azikiwe International Airport {NAIA},Abuja,by operatives of the National Drug Law Enforment Agenct {NDLEA}.A statement signed by the Spokesman of the NDLEA,Mitchel Ofoyeju,said the Enugu State indigene told operatives that the recession in the country forced him into the crime.Ofoyeju added that illicit parcels of whitish substance which tested positive for cocaine weighing 9.150kgs were discovered inside soles of female shoes.''The discovery was made in a shipment of shoes during inward screening of passengers on a Turkish airline flight from Sao Paulo,Brazil.The cocaine was industrially concealed in the soles of new foot wears.It was the last arrest of last year at the Abuja airport with an estimated value of 3.8 million pounds in Europe ''.The suspect,a businessman who deals in motorcycle parts,confessed to the crime,saying the harsh economic situation in the country made him agree to traffic the drugs.He said ''My business was failing due to the recession,so I travelled to Brazil in search of employment.Things became worse for me in Brazil because I had no money to sustain myself while my work permit was being processed.I was equally confronted with the fear of deportation.This made me become desperate in my search for quick wealth.In the process,I met my childhood friend who offered me N1 million to traffic cocaine to Nigeria.He also paid for my ticket and gave me three bags of shoes containing the cocaine.On arrival at the Abuja airport,the cocaine was detected and I was arrested.I had planned to invest the N1 million in a business in Nigeria''.The NDLEA Commander at the Abuja airport,Hamisu Lawan,said that the arrest of Emenike was made during the inward screening of passengers and luggage on a Turkish airline flight from Brazil.More photos below.
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