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 ARRESTS 60 PEOPLE AT 'YAHOO BOYS AWARDS NIGHT'.{PHOTO}.#PRESS RELEASE

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EFCC Arrests 60 at Yahoo Boys’ Awards Night


Operatives of the Lagos Command of the EFCC have arrested 60 suspected internet fraudsters during an awards ceremony at the Conference Hotel in Abeokuta, Ogun State.


The event tagged “Peer Youths Awards”, investigation revealed, was organized to reward high-level internet fraudsters.

Items recovered from the suspects at the point of arrest include exotic cars, electronic devices, laptop computers and mobile phones. The suspects will soon be charged to court.

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