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

VESSEL,FIVE SUSPECTED ILLEGAL OIL DEALERS ARRESTED IN LAGOS.{PHOTO}.#PRESS RELEASE.

 

A Vessel, MV Kamsi and its crew of five, arrested by officers of the Nigerian Navy Ship, NNS Beecroft, Apapa, Lagos for illegal dealing in petroleum product, were on Wednesday, January 27, 2021 handed over to the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC for further investigation and possible prosecution.
The crew members are: Ugochukwu Obasi, Christian Nwaigwe, Ekundayo Segun, Kadiri Jimoh and Olamide Koledoye
According to the Navy, the vessel and its crew members were arrested around South West off Lagos Fairway Buoy for illegally being in possession of about 120,000 litres of automotive gas oil, (AGO).
They will be charged to court as soon as investigation is concluded.
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