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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EFCC ARRESTS SOKOTO COUNCILLOR,DIRECTOR,TWO OTHERS FOR DIVERTING WORKERS SALARIES.{PHOTO}.#PRESS RELEASE.

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     Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Tukur Yabo, Director of Works and Housing, Tureta Local Government Area; Hon. Abubakar Maigishiri, a Councilor, Social Welfare, Tureta LGA; Danjuma Ibrahim, a Cashier with Ministry of Social Welfare and Community Development, Sokoto State, and Sambo Abdullahi, a staff of the same Ministry for their alleged involvement in the criminal diversion of N980,000 public funds.
They were arrested on July 25, 2019 following investigation of a petition alleging that some employees of Sokoto Marshal Corps/ Neighborhood Watch Operatives of Tureta Local Government were not paid their April, May and June salaries.
It was further alleged that the salaries were diverted to personal use by the arrested suspects, as all efforts by the workers to get their salaries proved abortive.
Investigations revealed that Yabo conspired with Maigishiri, and the two others to share among themselves, the salaries of 15 Neighbourhood employees leaving them unpaid.
In the course of interrogation, they confessed to their roles in the criminal diversion of the salaries. The sum of N300,000 being part of the money diverted, has been recovered from them.
They will soon be charged to court.

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