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

EFCC CHARGES CAR DEALERS ON COMPLIANCE WITH SCUML REGULATIONS.(PHOTOS).#PRESS RELEASE.


EFCC Charges Car Dealers on Compliance with SCUML Regulations

The EFCC has called on automobile dealers in the country to comply with regulations requiring registration and certification by the Special Control Unit Against Money Laundering, SCUML.

The Coordinator, SCMUL, Lagos, Pascal Samu, gave the charge during a sensitization programme organised for automobile dealers in the Berger/ Ojodu area of Lagos on Tuesday, April 5, 2022 at the Lagos Command of the EFCC.  

According to him, “There is a need for you to be very wary in your businesses, so as not to run foul of the law.

“The Executive Chairman of the EFCC, Abdulrasheed Bawa, is urging you to observe due diligence in your activities to avoid sanctions”.

One more photo below. 

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