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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EFCC SMASHES 419 SYNDICATE THAT DEFRAUDED A PROFESSOR.{PHOTO}.#PRESS RELEASE.

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     The EFCC, has cracked down on a gang of fraudsters who specialise in exploiting personal data of foreign-based Nigerians to defraud their friends and relations back home. Four of the gang-members - ‘Hon.’ Oladipupo Adebayo, Bimbo Bilewu, Ibrahim Odunayo and Oyeleye Oluwatosi – are currently in the EFCC custody. Others are still at large. The Commission had launched a manhunt on the suspects after receiving a petition from one Prof Godwin Ekhaguere. The professor of Mathematics, who retired from the University of Ibadan, alleged in the petition that the gang defrauded him of sums totalling N565,500 (Five Hundred and Sixty-Five Thousand, Five Hundred Naira). He also alleged that the fraudsters made him to part with MTN recharge vouchers worth N36,000 (Thirty-Six Thousand Naira) in the deal.
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