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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DISCLAIMER: MAGU NOT ON TWITTER-EFCC.#PRESS RELEASE.

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      The Economic and Financial Crimes Commission, EFCC, has discovered a fake Twitter account in the name of its Chairman, Mr. Ibrahim Magu with the username @IbrahimMagu.
The anti-graft agency wishes to state unequivocally that the said Twitter handle does not belong to him and whatever tweet emanating from it is not from the Chairman, neither represents the views of the Commission.
In view of this, members of the public are hereby advised not to engage in whatever form with the said handle in anyway as it is hereby disclaimed.
Efforts are being made to trace, apprehend and prosecute the impersonator(s).
The EFCC can be contacted via its verified handles across Facebook, Twitter, and Instagram - @OfficialEFCC.
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