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 SEVEN UNDERGRADUATES FOR SUSPECTED INTERNET FRAUD IN UYO.(PHOTO).#PRESS RELEASE.

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EFCC Arrests Seven Undergraduates For Suspected Internet Fraud in Uyo

Operatives of the Uyo Zonal Command of the EFCC  have arrested seven undergraduates of the University of Uyo,  Akwa Ibom State, for  suspected internet fraud in a sting operation.

They were arrested on
March 19, 2021 at their hideout along Ring Road, off Nwaniba Road, near Uniuyo permanent site.

The all- male suspects are: Emmanuel Chigoziem; Ubong Innocent;  Michael Ikechukwu Emekwuru;  Samuel Edet Okon;  Wisdom Edem;  Precious Ime Oyung and Moses Simon. 

Items recovered from the suspects are: a Toyota Camry car;  three HP laptops and phones of different brands. 


 

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