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 ARRAIGNS INDIAN ILLEGAL OIL DEALER.[PHOTO}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Tuesday, June 23, 2020, arraigned one Rahul Pathania, an Indian, and a vessel, M.V. Bount, before Justice Rilwan .M. Aikawa of the Federal High Court sitting in Ikoyi, Lagos on three-count charges bordering on illegal dealing in petroleum products.
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The defendant was arrested alongside the vessel by the Nigerian Navy and subsequently handed over to to the Commission for prosecution.
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One of the count read: “That you, M.V.Bount and Rahul Pathania, on the 31st day of January 2020, within the jurisdiction of this honourable court, conspired among yourselves to commit an offence to wit: dealing in 45 metric tons of petroleum product without appropriate licence and you thereby committed an offence contrary to Section 3(6) of the Miscellaneous Offences Act Cap M17, Laws of the Federation of Nigeria 2004, and punishable under Section 1(7) of the same Act.”.
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