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

TAKE BRIBE AND GET SACKED -FRSC WARNS PERSONNEL.#PRESS RELEASE.

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     The Federal Road Safety Corps (FRSC) has vowed to dismiss from service any of its personnel found extorting motorists.
Corps Public Education Officer, Mr Bisi Kazeem gave the warning in an interview with pressmen in Abuja on Wednesday.
Kazeem was reacting to the recent arrest
of 37 FRSC operatives for alleged extortion of motorists on the highways.
There were reports that a team comprising the FRSC, ICPC and DSS made the arrest ofthe erring personnel recently.
The FRSC management had in a complaint to ICPC said the incidents of extortion were rife in six states; Kaduna, Bauchi, Abia, Rivers, Kogi and Ogun.
Kazeem, however, said that the magnitude of the penalty would depend on the gravity or weight of the evidence and exhibit against personnel involved in the act.
“We abhor corruptive tendencies.
“There are internal mechanisms, the Corps Marshal Monitoring Unit and Surveillance and Intelligence Unit.
“There is also zonal commanding officers unit of surveillance and monitoring, sector commanders unit, all aimed at checking excesses of marshals.
“The corps marshal felt that reports concerning the issue of extortion is getting alarming and didn’t want to stop at internal mechanism.’’
According to him, this necessitated the collaboration with the ICPC and DSS.
“They deployed technology and made the arrest,’’ he said, adding that the exercise would be sustained in order to rid the corps of bad eggs.
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