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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EFCC GRILLS EX-WOMEN AFFAIRS MINISTER, TALLEN OVER N2BN FRAUD. (PHOTO).

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EFCC grills ex-women affairs minister, Tallen, over N2bn fraud

The immediate former Minister for Women Affairs and Social Development, Pauline Tallen, is currently in the custody of the Economic and Financial Crimes Commission, over allegations of money laundering.

Sources privy to the development confirmed to our correspondent that Tallen was quizzed by operatives of the EFCC at its Zonal Headquarters, in Wuse, Abuja.

Though details of the allegations against the ex-minister were sketchy, a source familiar with the case told The PUNCH that it bordered on corrupt enrichment to the tune of N2billion.

“The ex-mnister arrived at our Abuja Zonal Command (not the headquarters), on invitation, at about 12 pm, but she’s still being grilled by investigators of the commission as at 8:30 pm.

“She’s being investigated for alleged 
misappropriation of funds and corrupt enrichment to the tune of N2billion, and part of the money was allegedly diverted from the African First Lady Peace Mission Project.”

Spokesperson for the commission, Wilson Uwujaren, could not be reached as of press time.

 

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