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 ARRAIGNS ASSISTANT DIRECTOR, OTHER OBER EMPLOYMENT SCAM.(PHOTO).#PRESS RELEASE

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ICPC arraigns Assistant Director, other over Employment Scam


An Assistant Director in the Office of the Accountant-General of the Federation (OAGF), Mr. Yildiyel Musa Takat and an Administration Officer at the National Space Research and Development Agency (NASRDA), Mr. Nankpat Dukbong have been arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), over allegations of fraud, employment scam and conspiracy.


The duo were brought before Honourable Justice O. A. Musa of the Federal Capital Territory (FCT) High Court 7, sitting in Jabi, Abuja, via a Charge No: CR/151/2022.


In a 6-count charge, ICPC accused the defendants of conspiracy, abuse of office and defrauding unsuspecting job seekers to the tune of Two Million, Nine Hundred Thousand Naira (N2,900,000).

 

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