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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NDLEA UNCOVERS N22BILLION WORTH OF TRAMADOL IMPORTED BY UKATU. (PHOTO).#PRESS RELEASE.

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NDLEA uncovers N22Billion worth of Tramadol imported by Ukatu

The National Drug Law Enforcement Agency, NDLEA, has said that ongoing investigation of a billionaire drug baron, Chief Afam Mallinson Ukatu, has led to the discovery of how the suspect imported into Nigeria in a single month, October 2019, two containers containing 1,284 cartons of Tramadol with market value of over N22billion.

The Agency stated this in a statement on Tuesday 3rd May to counter insinuations by some hirelings that NDLEA has no evidence to pin a crime on Ukatu, who is the Chairman/CEO of Mallinson Group of companies.
After months of surveillance, Ukatu was eventually arrested on board a flight to Abuja at the MM2 terminal of the Lagos airport, Ikeja on Wednesday 13th April. 

Investigations reveal hes been a major importer of large consignments of different brands and high dosages of Tramadol Hydrochloride, ranging from 120mg, 200mg, 225mg and 250mg, all of which are illicit. Ukatu owns pharmaceutical and plastic manufacturing companies, which he used as a cover to import illicit drugs into Nigeria.

The Agency said in the course of investigating the N3billion Tramadol saga between Ukatu and the Abba Kyaris IRT team, its operatives have unearthed more evidences establishing how Ukatu has been importing large quantities of Tramadol far above the approved threshold allowed into the country.

In one instance, Ukatu through his Mallinson Group of companies imported into the country two-conatiner loads of five different brands of Tramadol in October 2019 through the Apapa ports in Lagos. All the evidences so far gathered show that the imported Tramadol brands were far above the threshold permitted to be imported into Nigeria.

No doubt the suspect will soon have his day in court

Femi Babafemi
Director, Media & Advocacy
NDLEA Headquarters, Abuja
Tuesday 3rd May 2022

 

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