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

EFCC ARRAIGNS FRSC OFFICER FOR FRAUD.{PHOTO}.#PRESS RELEASE.

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     The EFCC, Makurdi Zonal Office, on November 20, 2019, arraigned one Adetunji Oluwatoba Obasanmi, an officer of the Federal Road Safety Commission before Justice Mobolaji Olajuwon, sitting at the Federal High Court Makurdi, Benue State. He was arraigned on a three - count charge for False Pretense and Cyber Crimes. Obasanmi is alleged to have sometime in June 2019, intentionally used the name of one Kelly Brautigam, on an email without authority, which document he knew contained false pretence and thereby committed an offence contrary to section 25 of the cyber crimes (Prohibition, Prevention etc) Act, 2015 and punishable under the same section of the Act.
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