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

WHY WE ARE AT OKOROCHA'S HOME-EFCC.(PHOTO).#PRESS RELEASE.



 Why We Are At Okorocha’s Home - EFCC


Operatives of the Economic and Financial Crimes Commission, EFCC, on May 24, 2022, arrived at the Maitama, Abuja home of a former governor of Imo state, Senator Rochas Okorocha, to effect his arrest.


The move followed the refusal of the former governor to honour invitations after jumping the administrative bail earlier granted him by the Commission.


 EFCC had on January 24, 2022 filed a 17-count criminal charge bordering on diversion of public funds and properties to the tune of N2.9billion against Okorocha.


 The case was assigned to Honourable Justice Inyang Ekwo of the Federal High Court, Abuja but attempts to arraign Senator Okorocha were twice stalled owing to the absence of the ex-governor who evaded service of processes.


At the last adjourned date, March 28th, 2022, Justice Ekwo before adjourning until May 30th, 2022, had warned that it was “the last adjournment I shall grant in this matter”.


In the circumstances, the Commission is left with no option than to effect the arrest of Senator Okorocha and bring him to trial.

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