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

DSS ARRESTED MAINA AND HIS SON,AFTER HIS SON PULLED OUT A GUN.{PHOTO}.

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     The Department of State Services (DSS) has announced the arrest of Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT).
A statement on Wednesday by Public Relations Officer (PRO), Peter Afunaya, said DSS police in a combined operation with the Economic and Financial Crimes Commission, EFCC, arrested Maina and his 20 year-old-son, Faisal.
The statement reads: “The arrest which was effected at the Pennsylvania Avenue Hotel, Utako, Abuja followed a request by the EFCC to the Service to assist in the apprehension of the suspect.
“Maina was arrested in company of his 20-year-old son, Faisal Abdulrasheed Maina, who unsuccessfully tried to resist the arrest.
“The lad even pulled a pistol against the security agents involved in the operation. He was, however, disarmed and arrested. He is a final year student at the Canadian University of Dubai where he is studying Telecoms Engineering.
“Items recovered from the suspects include a pistol with live ammunition, a bulletproof Range Rover SUV, a BMW Saloon car, foreign currencies, a phantom 7 drone and sensitive documents.“The suspects and the recovered items will be handed over to the EFCC for further investigations and appropriate necessary actions.
“It is instructive to note that the operation is as a result of a renewed interagency collaboration among security and law enforcement agencies.
“The Service has always subscribed to such collaboration believed to be important in national security management and therefore, hopes to sustain the initiative in mitigating the current threats against public safety and national critical assets”.-Daily Post.
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