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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FIRE INCIDENT WILL NOT AFFECT OUR OPERATIONS- EFCC. (PHOTOS).#PRESS RELEASE.

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Fire Incident Will Not Affect Our Operations –EFCC


The Economic and Financial Crimes Commission, EFCC, has assured the public that Friday, May 5 fire incident at the Enugu Zonal Command of the Commission will not affect its operations. The Secretary to the Commission, Dr. George Ekpungu gave the assurance on Sunday, May 7, 2023 during an inspection visit to the Command.


Speaking with journalists after a tour of the facilities affected by the fire incident, Ekpungu expressed relief that the inferno did not affect critical components of the work of the Commission, noting that the digiitisation process initiated by the Abdulrsheed Bawa leadership of the Commission had ensured that all the Commission’s processes are fully digitilised with back-up at the central server in Abuja.


Thursday’s incident was said to have been triggered by a surge in the public power source. But Ekpungu said the Commission cannot make any categorical statement on the cause of the inferno until the ongoing investigation is concluded. He   however expressed happiness that no life was not lost during the incident.


“We cannot at this point in time know the exact cause of the fire but the preliminary investigation reveals it was a spark. We are grateful to God that no life was lost and our critical components of operations were saved. For now, we don’t know the cause of the inferno but the investigation will tell us the cause of the fire and that will be done by professionals. We thank God that in the records, our armory, suspects, detainees and every other thing critical to our work are safe.


“And you know EFCC is ICT sophisticated. Whatever we have here, we have it at head office. So, we have a way of recovering a lot of things. So, since the coming of our chairman, we have been digitalising our processes. What happened here will not affect our operations”, he said.


Dr. Ekpungu was accompanied on the visit by the Director, Public Affairs, Mr Osita Nwajah.


More photos below. 


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