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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JUSTICE ITA MBABA NOT UNDER EFCC’S INVESTIGATIONS.(PHOTO).#PRESS RELEASE.

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 JUSTICE ITA MBABA NOT UNDER  EFCC’S INVESTIGATIONS

The attention of the Economic and Financial Crimes Commission,  EFCC, has been drawn to some reports  in the Social Media,  alleging that its operatives,  in the Kano Zonal Command,  “invaded”  the residence  of the  Presiding Justice of the Court of  Appeal,  Kano Division,   Honourable Justice Ita Mbaba,  located on Sheik Yusuf Adam Game street,  off Race Cross Road, Nassarawa Government Reservation Area, Kano.  


 While it is true that operatives of the Commission visited the property housing Hon. Justice Mbaba,   on a Property Verification Exercise,  owing to a subsisting matter involving the owner of the property,  there is no truth, linkage or  nexus with any investigation of the Honourable Justice of the Court of Appeal.  Available facts showed that  Hon. Justice Mbaba is not the owner of the property and could, therefore, not be the subject of any investigation by the Commission.  


 We wish to restate that  Hon. Justice Ita Mbaba is not under  any investigation by the EFCC.  The Commission holds the Judiciary in optimum respect and will do nothing to embarrass any officer of the court. 

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