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,INVESTMENT MINISTRY TO TACKLE INTELLECTUAL PROPERTY ISSUES. (PHOTOS).#PRESS RELEASE.

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EFCC, Investment Ministry to Tackle Intellectual Property Issues

The Executive Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Wednesday, June 8, 2022, assured the Registrar, Trademarks, Federal Ministry of Trade and Investment, Barrister Shafiu Adamu Yauri, of the Commission’s preparedness to collaborate with it in sanitizing the business environment for the betterment of the country. “I want to assure you that our arms are open, we will collaborate together to ensure that the sanity that your department wants to bring to the system is enhanced by the enforcement and prosecution of those that cross the line.”

The EFCC boss who spoke during a courtesy visit by the Registrar and his team to the Commission, noted that trademark infringements and other intellectual property violations were within the purview of the Commission, adding that the Commission will not hesitate to deal with those who cross the line.
More photos below. 

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