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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COVID-19: EFCC HANDS OVER PROPERTY TO LAGOS STATE GOVT FOR ISOLATION CENTRE.{PHOTOS}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC, on Friday, May 15, 2020, handed over a property forfeited by former Minister of Petroleum Resources, Diezani Allison-Madueke to the Lagos State government for use as an isolation centre for COVID-19 patients.
The property consisting six flats of three bedrooms and a boys’ quarter was forfeited by Mrs Allison-Madueke following an order of Lagos State Federal High in 2017.
Speaking during the handover ceremony, the Lagos Zonal Head of the EFCC, Mohammed Rabo stated that the gesture was part of the Commission’s social responsibility efforts towards the fight against the spread of Corona virus.
“In addition to our mandate to fight economic and financial crimes, the Commission is committed and ready to render essential services that may be required of it in the fight against covid-19. Therefore, Lagos State should not hesitate to call on the Commission anytime the need for such essential service arises,” he said.
In his remarks, the state governor, Babajide Sanwo-Olu, thanked the Commission for the gesture, noting that it was a welcome collaboration between the Federal and Lagos State Government.One more photo below.
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