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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CBN GOVERNOR ANNOUCED THE IMMEDIATE STOPPAGE OF FOREX SALE TO LICENSED BUREAUX DE CHANGE.{PHOTO}.#PRESS RELEASE.

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Excerpts from 280th MPC press briefing


CBN Governor, Mr. Godwin Emefiele, announces immediate stoppage of Forex sale to licensed Bureaux de Change (BDCs)


CBN suspends issuance of new licenses for operation of Bureau de Change (BDC)


CBN directs Deposit Money Banks to sell forex directly to customers with minimal documentation for invisibles


InfraCorp unveiling still on course for Q3 of 2021 - Emefiele


Emefiele assures of support to youth to develop their entrepreneurial skills


Emefiele reiterates that the strategic health of the Nigerian banking industry remains strong


#CBN #MPC July 2021 MPC meeting votes unanimously to retain MPR at 11.5%


#CBN #MPC retains CRR at 27.50 per cent and liquidity ratio at 30 per cent


#CBN #MPC maintains Asymmetric Window of +100 and -700 basis points around the MPR.

One more photo below.



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