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 RE-ARRAIGNS FATHER,SON FOR ALLEGED N5.6BN FRAUD IN LAGOS. (PHOTOS).#PRESS RELEASE.

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EFCC Re-arraigns Father, Son for Alleged N5.6bn Fraud in Lagos

The Lagos Zonal Command of the EFCC has re-arraigned one Emmanuel Adewunmi Jayeoba alongside his son, Adewale Daniel Jayeoba, before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos.

The defendants were re-arraigned on a 14-count amended information bordering on money laundering to the tune of N5, 697, 029, 685 ( Five Billion, Six Hundred and Ninety –seven Million, Twenty-Nine Thousand, Six Hundred and Eighty- Five Naira).

More photos below. 


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