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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IGBO BUSINESSMAN 'IKECHUKWU SIMEON ' KILLED BY HIS ABDUCTORS AFTER COLLECTING N10M RANSOM. (PHOTO).

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Igbo Businessman, Ikechukwu Simeon Killed By His Abductors After Collecting N10m Ransom

May 7, 20230

A multi-millionaire and philanthropist based in Lagos, Mr. Ikechukwu Simeon Ebelebe has been found dead two weeks after he was reportedly kidnapped by gunmen in his hometown, Owerre-Akokwa in Ideato-North Local Government Area of Imo State.

His abductors killed him after collecting N10 million Naira ransom from his family.

Available information reveals that his body was identified in a mortuary, where it was deposited after it was discovered by the police.

The report said that his remains were found in a bush in Orumba South LGA, Anambra State. The locals reported a foul smell in the area and upon investigation, found a body that the police confirmed was indeed his.

The late Ikechukwu is the CEO of Divine-Ike motors located in Lagos and runs a foundation- “Divine Iyke Foundation for Humanity” that cares for the elderly and the needy in the East.


 

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