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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MAGU ASSURES WHISTLE-BLOWERS OF SAFETY.{PHOTOS}.#PRESS RELEASE.

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      Ibrahim Magu, the Acting Chairman, Economic and Financial Crimes Commission, EFCC, has once again urged the public to support the whistle-blowing policy, of President Muhammadu Buhari, while stressing that the security of the informant is guaranteed.
"The whistle-blower can report to the authorities through a secure online portal, which would also conceal the identity of the blower through the ministry of finance or through law enforcement agencies like EFCC," he said.
Magu said this at a Town Hall meeting organized on Whistle Blowing and Fight against Corruption in Nigeria, at City Green Hotel, Yola Road, Jimeta, Adamawa State, on November 22, 2018.
The EFCC Chair, who was represented by Friday Ebelo, Head of Operations, EFCC Gombe Office, noted that the Federal Government of Nigeria introduced the whistle blowing policy in 2016 based on the whistle-blower Act.
"The policy states that if you whistle-blow in good faith, you will be protected, if you feel that you have been treated badly because of your report, you can file a formal complaint, if you report false or misleading information, it will be referred to the enforcement agents for investigation and possible prosecution," he added.
He further said that corruption, as we all agreed, is a cankerworm that has eaten deep into the fabrics of every system in Nigeria.
"It is a crime with such a despicable viral effect and disastrous tendency like terrorism, and is capable of obstructing good governance," he said.
Speaking further, he listed the EFCC achievements so far on whistle blowing. He said: "On the 10th of February, 2017, $9.2million cash was recovered from a home belonging to the former Group Managing Director of the NNPC, Andrew Yakubu in Sabon Tasha, Kaduna.
He continued, "in that same period, EFCC recovered N450million from an abandoned shop in the Nigerian Air Force Complex in Victoria Island, Lagos.
"In 2017, the EFCC via information from a whistle-blower helped the government to recover $43.5million, GBP27, 800 and N23. 2million at No 16 Osborne Road, Ikoyi, Lagoa, Nigeria. It will interest you to know that the Federal Ministry of Finance paid the Ikoyi whistle blower the sum of N421million”."This has no doubt reduced the craze for stealing government resources and stocking them in unthinkable locations”, he added.One more photo below.
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