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 IBADAN SOCIALITE FOR ALLEGED N25M FRAUD.[PHOTO].#PRESS RELEASE.

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EFCC Arrests Ibadan Socialite for Alleged N25m Fraud


Operatives of the Ibadan Zonal Command of Economic and Financial Crimes Commission, EFCC, have arrested one Ajayi Oluwabukola Temitope, for allegedly obtaining money to the tune of N24,955,000.00 (Twenty Four Million, Nine Hundred and Fifty Five Thousand Naira) by false pretence.


The 42-year-old Ibadan socialite was arrested following a series of petitions  in which the suspect who claims to be a registered dealer with soft drinks manufacturers in Ibadan, Oyo state promised to supply products to complaints but failed after collecting money from them.

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