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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STAY AWAY FROM YAHOO-YAHOO,MAGU URGES STUDENTS.{PHOTO}.#PRESS RELEASE.

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    The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has urged Nigerian students to desist from cyber crimes, popularl referred to as Yahoo -yahoo and all other forms of internet-related offences that could derail their destinies.Magu stated this on Wednesday, May 15, 2019 while delivering a lecture at the University of Ilorin on the dangers of internet fraud.
The EFCC boss who was represented by Head, Advance Fee Fraud and Other Fraud Related Offences, Ilorin Zonal Office, Olamide Sadiq said anyone caught for offences bordering on internet fraud would be detained, prosecuted and jailed.According to him, "if you use pictures that do not belong to you just with intent to defraud someone, it is impersonation. You have committed an offence that carries five years imprisonment.
"I am emphasising to you on the need to desist from cyber crimes. If you are found to be in possession of fraudulent documents, you have committed a criminal offence which has a great consequence."The EFCC boss informed the students that the Commission has special powers to cause investigations into anyone or corporate body, suspected to have participated in economic and financial crimes."
When it comes to issue of internet fraud, Section 7 of the EFCC Act gives a special power to the Commission to investigate anyone suspected to have committed internet crimes. "A police officer can arrest an internet fraudster and bring him/her to the Commission. If we find out that the person is innocent, we will allow him or her to go."
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