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

EKITI EXCO MEMBERS CONDEMNED THE CONTINUOUS DETENTION OF COMMISSIONER AND ACCOUNTANT GENERAL.

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      Ekiti State Executive Council has condemned the continuous harassment and detention of some state government officials by the Economic and Financial Crime Commission, EFCC.
Commissioner for Information,Youth and Sports Development, Mr Lanre Ogunsuyi who addressed the pressmen in Ado Ekiti described the detention of the Commissioner for finance Chief Toyin Ojo and Accountant General Mrs Yemisi Owolabi as political.

Mr Ogunsuyi explained that the desperation displayed by the Federal Government is a political aberration that portrays it as incapable of understanding the best democratic ethos.
He therefore called on the EFCC to respect the rule of law by abiding by the subsisting court ruling. The Exco through their spokesman stressed that the option available to EFCC was to either grants the arrested state officials administrative bail or charge them to court if they had breached any law.Also, the Chief Press Secretary to the Governor, Mr Idowu Adelusi said that labour leaders in the state has already exonerated the state government on the accused misappropriated bailout fund by EFCC, hence the need for their release.
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