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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OIL THEFT: NAVY HANDS OVER 19 SUSPECTS,TWO BOATS TO EFCC.{PHOTOS}.#PRESS RELEASE.

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    The Nigerian Navy has handed over 19 suspects and two fibre boats laden with petroleum products to the Economic and Financial Crimes Commission, EFCC, for further investigation and prosecution.
The suspects are: Ayeni John, Adetini Ademola, Saliu Malik, Emmanuel Tosu, Emopin Moneyin, Malade Aiyetimiyi, Oduroja Ojune, Ikudehinbu Idowu, Abogun Ota, Elamah Augustine and Olarotimi Elikanah.
Others are: Thank-God Benjamin, Abbas Friday, Victor Goldsmith, Gbenga Thomas, Ibane Austin, Idowu Surprise, Asemia Thomas and Agbayoh Lawrence.
They were arrested on August 30, 2018 in Lagos and some parts of Ondo State and are alleged to be involved in an illegal dealing in petroleum products sourced from the hijacked vessel, MT MAMA ELIZABETH.
The sum of N3,500,000.00 (Three Million Five Hundred Thousand Naira) only suspected to be proceeds from the sale of the illegally acquired products was found on the suspects at the point of arrest.
Idris Abdullahi Abubakar, an investigator with the EFCC who received the suspects and the boats on behalf of the Commission, assured the Nigerian Navy of diligent investigation and prosecution of the suspects.
The suspects will be arraigned in court as soon as investigation is concluded.More photos below.
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