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 NABS A WONDER BANK MANAGER IN SOKOTO.{PHOTO}.

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     The EFCC, Sokoto Zonal Office, has arrested one Amina Kabo (a.k.a Firdausi Kabo) a wonder Bank Manager and promoter of Olive Micro Finance Bank, located at No. 26 Dubabe Plaza. She was arrested for alleged offences of Conspiracy, Forgery and Obtaining Money by False Pretence to the tune of N897, 500 (Eight Hundred and Ninety Seven Thousand, five hundred Naira). The Zonal Head, Abdullahi Lawal, while parading the suspect at a press briefing in Sokoto on Friday, December 6, 2019, described the arrest as “a big success”.
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