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
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MAGU CHARGES THE MEDIA ON THE FIGHT AGAINST CORRUPTION TODAY AT THE 20TH ANNIVERSARY & AWARD OF FICAN.{PHOTOS}.

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     The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has called on the media to support the Commission in the ongoing fight against corruption.
Magu made this call on Tuesday, September 19, 2017, while presenting a paper titled “Corruption and National Development: Issues, Challenges and Solutions” at the 20th Anniversary Public Lecture and Award of the Finance Correspondents Association of Nigeria, FICAN, held in Abuja.In the paper, which was presented on his behalf by Mr. Tony Orilade, Head Public Interface of the EFCC, Magu said, “Corruption is fighting back through the media and that is why I am using this platform and opportunity to call on you all, members of the Fourth Estate of the Realm, to support the fight against corruption. I have said it at previous fora and I want to say again that we at the EFCC cannot do it all alone”, stating that the agency does not “have the monopoly of knowledge or resources”.More photos below.
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