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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PAPUA NEW GUINEA: MAN CHARGED FOR DEMANDING COMPENSATION.(PHOTO).#PRESS RELEASE.

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25th Friday November 2022.


MAN CHARGED FOR DEMANDING COMPENSATION.


A man was arrested and charged by NCD Police for demanding compensation in Port Moresby today. 

The accused John Tobias 38 of Imbongu Southern Highlands Province and his tribesmen allegedly demanded K500,000 from G4S Security company  when one of their male relatives employed by the firm, passed away while on duty recently. 

The aggrieved relatives blamed the company for his death and allegedy  threatened the company officials.

The company refused to pay but offered K5,000 for funeral expenses, which was rejected and met with threats. 

The Managing Director an Australian male expat offered K33,000 for funeral expenses which was initially accepted but the Southern Highlanders later demanded a further K11,000 which was refused.

Unhappy with the threats and attempt  to extort more money, the MD filed a police complaint and police swarmed the company premises and arrested several people including Tobias.

He was charged under section 390 (a) under the PNG Criminal Code Act 

He will appear in court soon as Police investigations continue.


 

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