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

MAGU BAGS 'ARDI' MEDIA MERIT AWARD YESTERDAY.{PHOTOS}.

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     The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, on June 21, 2018 received the “Government Agency Excellence Award”, bestowed on him by the Anti-Corruption and Research Based Data Initiative, ARDI.
The award was in recognition of his doggedness and commitment to the anti-corruption crusade, and for “distinguishing himself in the anti-graft campaign so much so that his name has suddenly become not only a household name, but a catchphrase to remind Nigerians that inasmuch as corruption may fight back, it will never again take the centre state”.Magu, who was represented by Ben Ikani, Director, EFCC’s Forensic Evidence Unit, used the opportunity to call for an a"ll inclusive participation in the fight against corruption".While appreciating the organizers of the award, for “a role well played in the fight against corruption”, he told the gathering that the EFCC has so far secured over 609 convictions.More photos below.
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