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 BUSTS 'YAHOO-YAHOO BOYS' HIDEOUTS,ARREST 18 IN ILORIN.(PHOTO).#PRESS RELEASE.

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EFCC Busts ‘Yahoo-Yahoo Boys’ Hideouts, Arrests 18 in Ilorin

Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Friday, November 18, 2022 arrested eighteen suspected internet fraudsters in a sting operation in Ilorin, Kwara State.

They are Adeleye Ayodeji, Muhammed Ayub, Odelade Samuel, Sodiq Olanrewaju, Ola Francis, Adeniyi Damilare, Olalekan Samad, Tunde Ayodele, Zubair Buhari and Oladosu Naheem.

Others are Olowokere Jamiu, Lawal Usman, Jamiu Abdulrasaq, Lawal Ahmed, Opeyemi Samuel, Alarape Ahmed, Kolawole Daniel and Ganiyu Taofeek.

The suspects were smoked out of their hideouts at different locations following credible intelligence on their fraudulent activities in Ilorin and its environs. Specifically, they were arrested at Sobi, Akerebiata and Las Vegas Estate, Asa Dam, Ilorin.

The suspects, who are mostly in their early twenties, include six students of tertiary institutions in the State, a footballer, Fashion Designer, Bitcoin Dealer and Laundryman, among others.

Upon arrest, five exotic cars, 32 different brands of mobile phones, eight laptops and other incriminating materials were recovered from them.



 

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