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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KOGI THREATENS TO SUE EFCC OVER CORRUPTION CLAIM.{PHOTO}.

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Kogi State Government is set to sue the Economic and Financial Crimes Commission ( EFCC ) for allegedly misleading a court to order freezing of its account with a new generation bank.


Addressing journalists in Abuja, yesterday , the Commissioner for Information , Kingsley Fanwo , asked the EFCC to tender public apology to avoid such litigation . He described EFCC ’ s action as a huge embarrassment , insisting that the claims were false.

The Lagos Division of the Federal High Court had , on Tuesday , ordered the freezing of the Kogi State salary bailout account domiciled in a commercial bank over an alleged N20 billion loan obtained from it.


The judge who gave the order , Tijjani Ringim , said it would subsist pending the conclusion of investigation or possible prosecution by the EFCC.

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