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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P&ID SCAM: EFCC SEEKS ARREST WARRANT AGAINST MARQOTT DIRECTORS.(PHOTO).#PRESS RELEASE.

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P&ID Scam: EFCC Seeks Arrest Warrant Against Marqott Directors

The EFCC on Tuesday, March 1, 2022, urged Justice D. U. Okorowo of the Federal High Court, Abuja, to issue a warrant of arrest against Giovanni Beccarelli, Valentina Fontoli and Dimitri Duca, directors and shareholders of Marqott Nigeria Limited, who are currently at large.

 Prosecution counsel, Bala Sanga, informed the court that the application which was filed in February 4, 2022 is pursuant to “Section 3, 35, 36 and 37 of ACJA 2015.”

Justice Okorowo however reserved ruling on the application till March 15.

Marqott Nigeria Limited, an accomplice in the $9.6billion Gas Supply and Processing Agreement, between the Ministry of Petroleum Resources and Process and Industrial Development, P&ID, Limited is facing prosecution by the EFCC on money laundering charges. 

 

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