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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ANTI-GRAFT WAR: UK PLEDGES SUPPORT TO EFCC.{PHOTOS}.

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     Paul Arkwright, British High Commissioner to Nigeria, has said that the United Kingdom, UK, will continue to support the anti-corruption crusade in Nigeria as is being spearheaded by the Economic and Financial Crimes Commission, EFCC.
"We are pleased to see how the EFCC operates, and we are assuring you of the endless support of the British government in the fight against corruption,” he said.
Arkwright, who was accompanied by Daniel Murphy, on a visit to the EFCC Headquarters, Abuja, commended the Commission’s efforts in ridding the country of corruption.“The UK and Nigeria have evolved and made progress in the fight against corruption, and the EFCC’s achievements have been impressive,” he added.
He urged the EFCC to work hand in hand with the Independent National Electoral Commission, INEC, in ensuring a free and fair political process, in the buildup to the 2019 elections.He said: "INEC and EFCC should be there to preserve the integrity of the political process, including taking forward investigations without any prejudice on one side or the other, following the evidence and taking action where it is justified.”
He further gave assurances of the British government’s support “both in technical assistance, in investigation and of course broadening support of this great independent institution of the EFCC.”
Ibrahim Magu, the acting EFCC Chairman, appreciated the British government for its support, and assured him of the independence of the EFCC in the discharge of its mandate.
He said: “I assure you that there is no political interference in what we do. We will continue to work with stakeholders like INEC who we have an agreement with to ensure that there is no interference to ensure free and fair election in Nigeria and we will stop people using money to buy votes”.According to him, the EFCC operates international best practices, and “does diligent preliminary investigation”.H“We do not invite anybody here if he is not found to be involved in one offence or crime and that is why when you come here, it takes a lot of effort to be off the chain whatever case that comes to EFCC is investigated to the logical conclusion. We take the case to court who gives the final decision”, he added.More photos below.
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  1. Anonymous25 June 2018 at 16:41

    It?s difficult to find well-informed people for this subject, however, you seem like
    you know what you?re talking about! Thanks

    ReplyDelete

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