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,ARMY ARREST 120 SUSPECTED OIL THIEVES IN PORT HARCOURT.(PHOTOS).#PRESS RELEASE.

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EFCC, Army Arrest 120 Suspected Oil Thieves in Port Harcourt

Operatives of the Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal Command,  have arrested one hundred and twenty suspects for alleged illegal oil bunkering in a joint operation with with personnel of the 6 Division Garrison, Nigerian Army Port Harcourt

They were arrested on Saturday, August 13, 2022 at Ndoni, Rivers State where suspected illegally refined stolen petroleum products are off-loaded into vehicles at the waterfronts for distribution within and outside Rivers State.

The arrest of the suspects was made possible by intelligence on the alleged illegal oil bunkering activities in the locality.

In the course of the arrest, 8 vehicles and pumping machines were recovered. The suspects will be charged to court as soon as the investigation is concluded. 

More photos below. 


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