INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

COVID-19: KWARA GOV. COMMENDS EFCC,SAYS RECOVERED FUNDS USED TO SET UP ISOLATION CENTRES.{PHOTO}.#PRESS RELEASE.

Kwara state logo - Voice of Nigeria
     As efforts to bring an end to the Coronavirus Disease, COVID-19 in Nigeria continues, commendations have come the way of the Economic and Financial Crimes Commission, EFCC as the Kwara State governor, AbdulRaman AbdulRazaq has revealed that funds recovered by the Commission for the state have been helpful in setting up Isolation Centres as part of its strategic activities to combat the disease.
It will be recalled that among other recoveries, the Ilorin Zonal Office of EFCC, handed over N263,327,800 (Two Hundred and Sixty-three Million, Three Hundred and Twenty-seven Thousand, Eight Hundred Naira) only to the state in March 2020, being recovered money stolen from the Kwara Internal Revenue Service, KWIRS and 16 Local Government Areas of the state.
AbdulRazaq, while giving an update on COVID-19 in Kwara State, said the recovered funds strengthened Kwara’s ability to put in place necessary facilities, among other counter-COVID-19 efforts, as well as revamping the state's hitherto ailing health sector.
He said: “We have bought five new ambulances (three on the ground and two are on the way).
Kwara state logo - Voice of Nigeria

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).