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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HEARING IN THE $9.6B ARBITRATION TO P$ID COMES UP IN LONDON TOMORROW THURSDAY.{PHOTOS}.

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    FG's delegation currently engaging with media and stakeholders in London, over the P&ID case, on Wednesday held a series of engagements, starting with a stakeholders' event, lunch with a leading Barristers' Chambers in London and interviews with BBC.
On Tuesday, the team engaged with journalists at Bloomberg and The Economist, among others.
The delegation includes HMIC Lai Mohammed, Attorney General and HMJ Abubakar Malami, IGP Abubakar Adamu, CBN Governor Godwin Emefiele, Ag. EFCC Chair Ibrahim Magu and AIG Ibrahim Lamorde.
Hearing in the $9.6b arbitration award to P&ID comes up in London on Thursday, 26 Sept 2019.More photos below.
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