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

EFCC UNCOVERS ANOTHER CASH HAUL AFTER A TIP FROM A WHISTLE BLOWER TODAY IN BALOGUN MARKET LAGOS.{PHOTOS}

       No automatic alt text available.          A tip from a whistle blower today led operatives of the Economic and Financial Crimes Commission,EFCC,to intercept huge sums of money in various currencies at the popular Balogun market in Lagos.The monies include 547,730 Euros and £21,090 as well as N5,648,500.The total haul is about N250m at the prevailing exchange rate at the parallel market.The intercept followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unnamed persons.Operatives responded timely,met the money in Bureau de Change office,but a large chunk of it had been converted into Euro and Pounds sterling.The BDC operators found in possession of the monies claimed they were acting on behalf of their boss who sent the money to them from one of the Northern states in Nigeria.Two persons apprehended in the course of the raid are helping the Commission in its investigation.Please find attached pictures of some Nigerian Nairas,Euros and British Pounds recovered moments ao by EFCC Operatives.More photos below.
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