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

WE HAVE RECOVERED OVER N100M FOR KWARA GOVERNMENT.{PHOTO}.#PRESS RELEASE.

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     The Acting Chairman of the Economic and Financial Crimes Commission ( EFCC) Mr Ibrahim Magu on Wednesday September 25, 2019 disclosed that the agency has recovered over one hundred million naira for the Kwara State Government from corrupt officials in the State.
Magu who spoke through Isyaku Sharu, the zonal head of EFCC office in Ilorin, made the declaration during a visit to the office of the News Agency of Nigeria in the Kwara Sate capital.
" We started our full operations in Ilorin Zonal Office sometimes in February 2019, our operations cut across all areas, We have recovered over one hundred million naira cash belonging to the Kwara State Government, this money was stolen by politicians and prominent individuals within the State.
"The Commission is not afraid of anybody, just last week, a traditional ruler returned five million Naira, part of the monies he benefited from the previous administration in the state, "he stated.
The EFCC boss further revealed that "When we started our operations in February which was the eve of the 2019 General Elections, we started tracking vote buying which borders on economic crime. Today, the Ilorin Zonal office of the Commission has secured no fewer than 26 convictions while about fifteen cases are still pending in Court.
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