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 NOT INVOLVED IN ''STOP AND SEARCH'' OPERATIONS.[PHOTOS}.#PRESS RELEASE.

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 Alleged P&ID scam: EFCC files fresh charges against Briton

     EFCC PRESS STATEMENT

The attention of the Economic and Financial Crimes Commission( EFCC) has been drawn to some spurious news circulating in the social media, linking its Operatives with some contrived " Stop and Search" operations around Lekki axis of Lagos State.

We wish to state very clearly that our Operatives were not and can never be involved in such operations.

Members of the public are enjoined to ignore such insinuations. EFCC is a professional law- enforcement agency and should not be linked with any traffic management operation on our roads.

BREAKING: 12 EFCC directors suspended | The Nation Nigeria

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