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

ICPC DOCKS A DEPUTY SUPERINTENDENT OF FED FIRE SERVICE OVER JOB RACKETEERING. (PHOTO).#PRESS RELEASE.



ICPC docks Fire Official over Job Racketeering

A Deputy Superintendent of the Federal Fire Service, Augustine Abah has been docked by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), over allegations bordering on fraud and employment racketeering.

ICPC in a Charge No: CR/283/2023, brought before Honourable Justice F.A. Aliyu of the Federal Capital Territory (FCT) High Court 57, sitting in Apo, Abuja, accused the defendant of defrauding an unsuspecting job seeker to the tune of Six Hundred Thousand Naira (N600,000).

In a 2-count charge, the Commission through its counsel, Mr. Mashkur Salisu, told the Court that the accused person fraudulently induced his victim into parting with the said sum of money in the guise of securing employment for the victim in the Federal Fire Service.

His action is contrary to Section 8(i)(a) and punishable under Section 8(i)(b)(ii) of the Corrupt Practices and Other Related Offences Act, 2000, and contrary to Section 320(b) and punishable under Section 322 of the Penal Code Act.



 

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