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 SECURES 2,200 CONVICTIONS IN 2021.{PHOTO}.#PRESS RELEASE

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EFCC Secures 2,220 Convictions in 2021


The Economic and Financial Crimes Commission, EFCC, secured a total of 2220 (Two Thousand Two Hundred and Twenty) convictions across all its Commands in 2021. The figure which emerged from a review of the Commission’s performance in the outgone year, shows that the Lagos Command of the Agency recorded the most convictions-481, closely followed by the Ibadan Command with 324 convictions, while the Port Harcourt Zonal Command had 230 convictions.


The conviction secured by the Commission in 2021 is the highest by the EFCC Since inception. Before 2021, the highest record of conviction by the Commission was secured in 2019 with 1280 convictions. The 2220 record of 2021 is a 127.5 % improvement over the 2019 record.


Interestingly too, the 2220 record represents a 98.49%  success rate in prosecution as the Commission lost only 34 cases during this period.


Commenting on the performance, the Executive Chairman of the EFCC, Abdulrasheed Bawa, commended the personnel of the Commission for their industry and dedication despite the challenges of criminal prosecution in court. He assured that the EFCC will continue to motivate all categories of staff for greater efficiency through capacity development and other incentives.

#EFCC2021convictionrecord

#EFCC

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