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 DOCKSS SUSPECTED OIL THIEF IN PORT-HARCOURT.{PHOTO}.#PRESS RELEASE.

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    A suspected oil thief, Mallam Julius Obi has been remanded in the Port Harcourt Custodial Centre pending the perfection of a N10million bail granted him by the Federal High Court, Port Harcourt.
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Obi was arraigned on April 24 by the Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal office before Justice H.I.O Oshomah of the Federal High Court, Port Harcourt on one count charge bordering on illegal dealing in Petroleum Product without license. The alleged offence is contrary to Section 1(1) (a) and punishable under Section 1 (17) (a) of the Miscellaneous Offences Act, CAP M17 of the Reverse Edition (Laws of the Federation of Nigeria), 2007 and punishable under Section 1 (17) of the same Act.
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