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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GRAFT SUIT OSHIOMHOLE: EFCC WAS NOT SERVED.#PRESS RELEASE.

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       Ahead of the November 19 date for the consideration of the preliminary objection by All Progressives Party National Chairman, Adams Oshiomhole, challenging the competence of the suit which seeks to compel the Economic and Financial Crimes Commission, EFCC, to arrest and commence criminal proceedings against him, the agency has blamed its absence at Tuesday October 23 hearing of the suit before Justice Anwuli Chikere of the Federal High Court Abuja on the failure of the plaintiff to serve the Commission with processes. This is contrary to the October 9 ruling of Justice Chikere, that the Commission be served.
EFCC spokesman, Wilson Uwujaren said the Commission frowns at the attempt by counsel to the plaintiff, West Idahosa to mislead the court with claims that the Commission had been served. According to him, " had the Commission been served, it would have been in court. Ours is an agency that holds the judiciary in high esteem and we will never disregard summons by courts of competent jurisdiction. The truth is that the Commission did not receive any summons."
He however assured that the Commission will be represented in court once it is served with the relevant processes.Bishop Osadolor Ochie, a Benin- based cleric is seeking an order of mandamus to compel the Commission to arrest, investigate and possibly prosecute Oshiomhole for alleged fraud perpetrated during his tenure as governor of Edo State.
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