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 RAISES ALARM TODAY OVER ''FAKE OFFICIALS EXECUTING SEARCH WARRANTS''.

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       It has come to the knowledge of the Economic and Financial Crimes Commission, EFCC that some unscrupulous individuals parading themselves as operatives of the Commission have been harassing some prominent persons in the country on the pretext of purportedly executing Search Warrants on behalf of the Commission.
Among their victims are politically exposed persons including ranking law makers.
This development is frightening as it represents a new dimension to the nefarious business of impersonation of EFCC officers by fraudsters and other criminal gangs.
The Commission dissociates itself from the activities of these criminals and advises the public to be circumspect when confronted with request from suspicious persons to search their homes or properties.
Accordingly, the public are implored to verify the authenticity of any demand for the execution of Search Warrants by referring to the nearest office of the EFCC. They can also contact the head office through these numbers: 08093322644 or 08183322644.
The Commission can similarly be reached by email: info@efccnigeria.org.The Commission has put all its offices on the alert with a view to nipping the activities of these criminals in the bud.
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