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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ALLEGED OIL THEFT,ILLEGAL DEALINGS: EFCC ARRAIGNS NAVAL OFFICER,14 OTHERS TODAY.{PHOTO}.#PRESS RELEASE.

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     The EFCC, Lagos office, today, October 30,
2019 arraigned a Senior Naval Officer, Bola Labinjo with service name as Lt.Cdr S. A. Ibe Lambert and fourteen others
before Justice Hassan of the Federal
High Court, Ikoyi on a two count charge bordering on conspiracy and unlawful dealing on petroleum product, an offence contrary to Section 17(a) and (b) of the Miscellaneous Offences Act Cap M17 Laws of the Federation of Nigeria (Revised Edition) 2004 and punishable under the same Law. Those arraigned alongside Bola Labinjo are:
Jonathan Abaka, Charles Ikemefuna Agaba, Benjamin Gold Gageche, Hamza Yakubu, Emmanuel Oputa, Peter Dung Pulle, Innocent Akpan, Kehinde Labinjo, Pius Mathew Paul, Onoja Musa Emmanuel Adeleke Hamed.
Others are a vessel and two companies namely: M.T. Adeline Jumbo, Global Shipping Activities Bureau Limited and Labland and Sea Services Limted. Six of the defendants; Bola Labinjo, Jonathan Abuka, Ikemefuna Charles Agaba, Benjamin Gold, Hamzat Yakubu and a vessel, M.T. Adeline Jumbo were first arraigned before a vacation judge, Justice Chuka Obiozor on the same count charge.
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