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 vigilant officers and men of the NCS Sokoto/Kebbi/Zamfara Command has arrested a suspected smuggled vehicle concealed in a truck loaded with firewood.Addressing reporters at the Command headquarters,the CAC Compt,Sani Madugu told newsmen that the truck was arrested along Tangaza-Ruwawuri road coming into Nigeria.He said examination conducted by his officers revealed that the truck was found to contain 1 used Honda Accord 2006 Model with chassis no.{IHGCCM564867090155}. Similarly,another Mitsubishi Canter with Reg: No. XA 683 TSF carrying cow dung {Manure} was arrested by the Command's Roving Team B,along Kamba Road in Kebbi State.Examination further revealed that the Canter was loaded with 37 bales of second cloths.The CAC used the medium to warn smugglers that Customs is always a step ahead of them and call on them to imbibe legitimate trading.
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