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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OIL THEFT: NIGERIAN NAVY HANDS OVER TWO VESSELS TO EFCC.{PHOTOS}.

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    The Nigerian Navy, NNS Delta yesterday April 5, 2018 handed over two vessels allegedly involved in illegal oil bunkering to the Economic and Financial Crimes Commission, EFCC, for further investigation and possible prosecution.Speaking at the handing over ceremony in Warri, Captain Adeyemi F. Adewuyi stated that the vessels, MV SIL Hausa and MV SIL Aisha were intercepted by men of NNS Delta at Aladja Community Jetty during a routine patrol. The vessels are allegedly loaded with petroleum products .Receiving the Vessels on behalf of the Commission, Richard Ogberagha, a Senior Detective Superintendent, said the Commission would do a painstaking investigation to ensure that the culprits were brought to book.More photos below.
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