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 GOMBE ZONAL OFFICE RAIDED CAR DEALERS YESTERDAY.{PHOTOS}.

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     The Special Control Unit Against Money Laundering (SCUML) of the Economic and Financial Crimes Commission, EFCC Gombe Zonal office yesterday, August 30, 2018 raided two car dealers for non compliance with the provisions of Money Laundering (Prohibition) Act, 2011 (as amended) and the regulations of Designated Non- Financial Institution (Regulatory Manual) 2013 that regulates the activities of DNFIs.
The companies are HAMABB MOTORS NIG. LTD along Atiku Abubakar road, Jimeta Yola, Adamawa state and Halal Synergy Limited along Galadima Aminu Way, Jimeta. They belong to the duo of Abba Galadima and Mansur Abdurahman respectively. They were arrested in tje course of the operation.
Several efforts made by the SCUML officers from Gombe Zonal office by serving the companies with letters of notification for registration in June, 2016, as well as inspection and sensitation in July and November 2017 to register proved abortive.
Another observation letter was equally served to the companies sometime in 2017 to comply with the law but also yielded no results.
The Companies's actions violated the provisions of Section 3; Section 5 (a) & (b), Section 9 and 10 of Money Laundering ( Prohibition) Act, 2011 (as amended), as clearly stated in the observation letters issued to them.Their non compliance resulted to non registration with SCUML, non reporting transactions and accepting cash payment exceeding the threshold provided by law.More photos below.
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