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,NCDMB TO COLLABORATE AGAINST LOCAL CONTENT INFRACTIONS IN OIL SECTOR.{PHOTOS}.

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    The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has expressed the readiness of the Commission to work closely with the Nigerian Content Development and Monitoring Board, NCDMB, to check infractions militating against local content development in the Nigerian oil and gas sector.
He made the promise on Tuesday, September 11, 2018 while playing host to the management of the NCDMB led by its Executive Secretary, Simbi Wabote, at the new Head Office of the EFCC, Abuja.
Welcoming the visitors Magu said, "Our priority in EFCC is fighting corruption and we will not shy away from it. The Commission is ever ready to collaborate with any agency in fighting the war".
He added that, "We are willing to collaborate with NCDMB in every facet in order to protect the future of our children and generations to come" noting that, the EFCC was ready to assist the Board in any way it could as it had partnered a lot of government agencies such as INEC, Police and other law enforcement agencies.
The EFCC boss vowed not to leave any stone unturned in the efforts of the Commission to rid the country of corruption, stressing that, "no ministry, department or government agency will be left untouched especially the ones found wanting".
Earlier, Wabote congratulated the EFCC management over the successful completion and movement to its permanent site, while expressing delight to be the first to be hosted by the agency in the new edifice.
He described the role of the EFCC in the fight against corruption as on that is very "pivotal" in achieving government's agenda.
While applauding the EFCC for building a reputation for itself over the years, Wabote said, "for us as a board we are aligned with this fight considering our role as regulator in oil and gas sector where multi-billion dollar transactions are carried out every year"
In explaining the role of the board he said, "The NCDMB has used various means of approach to deal with infractions with its vision to raise Nigerian content level in the oil and gas sector". He stressed the need to focus on compliance and enforcement as key areas within the provisions of the law
The NCDMB solicited EFCC's support in unraveling infractions saying, "We want support in the investigative side of our activities, in view of the serious infractions which are emerging as we sharpen our monitoring and enforcement rules".On the visit were the NCDMB General Manager, Zonal Coordinator, Dr. Ginah Ginah; Barr Naboth Onyesoh, Farid Blell, Mrs Gloria Onayero and Mr Victor Amabebe.More photos below.
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