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

INEC DIRECTOR FACES PROSECUTION FOR N16MILLION SCAM.{PHOTO}.

Image may contain: one or more people and close-up                   The Economic and Financial Crimes Commission,EFCC,has concluded arrangements to prosecute a Deputy Director of the Independent Electoral Commission,INEC in Akwa Ibom State,and former Electoral Officer in Rivers State,Gogo Anderson Waribo,for his alleged collection of N16million from the infamous N23billion Diezani Allison Madueke's during the 2015 general election bribery funds.Waribo was arrested by operatives of the anti-graft agency following intelligence report that some INEC officers conspired with some staff of Fidelity Bank to defraud the Federal Government of several millions of naira.Although,he has consistently denied involvement in the fraud,investigation revealed that the INEC Deputy Director's name is on the list of beneficiaries of the money.He is alleged to have received the sum of N16 million through his First Bank account on March 27,2015.Waribo allegedly gave N5 million from the N16 million to Peter Popnen,an ex-INEC official.The suspect will be arraigned in court as soon as investigation is completed.
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