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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EFCC IS SET TO AUCTION FORFEITED PETROLEUM PRODUCTS,VESSELS.{PHOTOS}.

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     As part of arrangement to auction forfeited petroleum products and vessels which are proceeds of crimes seized from illegal oil bunkers the Economic and Financial Crimes Commission, EFCC, on Tuesday, October 10, 2017 held a pre-bid meeting with shortlisted auctioneers at the EFCC Academy, Karu, Abuja.
The Acting Chairman, EFCC, Ibrahim Magu, told the participants that the process is part of the Commission’s transparency policy with the objective of giving every interested company a fair chance to participate in the exercise.Magu, who spoke through the Director of Procurement, EFCC, Olusina Ogundimu said that the purpose of the meeting was to educate the shortlisted bidders for the auction on the stipulated guidelines contained in the request for proposal (RFP) issued to them earlier.More photos below.
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