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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ICPC TAKES OVER THE NEW PROTOTYPE BUILDING IN ONDO.(PHOTO).#PRESS RELEASE.

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 ICPC Takes over the New Prototype Building in Ondo


The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has taken over the newly built prototype office complex in Ondo State from the contractor.


In a brief hand-over ceremony, the Secretary to the Commission, Prof. Musa Usman Abubakar, expressed appreciation to the contractor for a job well done and for the timely completion of the project.


Prof. Abubakar added that the new office building would create a conducive working environment for staff and also drive their vigour for optimum performance in the fight against corruption.


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