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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MINISTRY OF POWER HANDS OVER INFRASTRUCTURE TO EFCC TODAY.{PHOTOS}.#PRESS RELEASE.

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     Officials of the Ministry of Power, Works and Housing, led by Kingsley Odoh, Senior Special Consultant of the Ministry, on February 13, 2019 handed over the power infrastructure installed at the Head Office of the Economic and Financial Crimes Commission, EFCC to the management of the anti-graft agency, led by Acting Chairman of the EFCC, Ibrahim Magu. The handover ceremony was carried out in the company of the Commission’s Secretary, Ola Olukoyede, and other officials of the agency. The Ministry officials were decorated with the EFCC Lapel as Anti-Corruption Ambassador by the EFCC chairman.One more photo below.
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