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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PRES. TINUBU ORDERS PROBE OF CBN, NAMES SPECIAL INVESTIGATOR. (PHOTO).

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Tinubu Orders Probe Of CBN, Names Special Investigator

This was contained in a letter signed by the President and obtained by Channels Television on Sunday. 

President Bola Tinubu has appointed a special investigator Jim Osayande to probe the Central Bank of Nigeria (CBN) and Related Activities. 

This was contained in a letter signed by the President and obtained by Channels Television on Sunday.

Obazee is the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN).

“In accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), this administration is today, continuing the fight against corruption by appointing you as a Special Investigator, to investigate the CBN and Related Entities. This appointment shall be with immediate effect and you are to report directly to my office,” Tinubu’s letter read.

“The full terms of your engagement as Special Investigator shall be communicated to you in due course but, require that you immediately take steps to ensure the strengthening and probity of key Government Business Entities (GBEs), further block leakages in CBN and related GBEs and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments (whether private or public)

“You are to investigate the CBN and related entities using a suitably experienced, competent, and capable team and work with relevant security and anti-corruption agencies to deliver on this assignment. I shall expect a weekly briefing on the progress being made.”

Tinubu also sent a copy of his order suspending Emefiele as the apex bank chief.

The development is coming just as the suspended apex bank governor Godwin Emefiele is undergoing trial.

The development is coming just as the suspended apex bank governor Godwin Emefiele is undergoing trial.

While Emefiele has since his suspension being in the custody of the Department of State Services (DSS), a court last week granted him bail. The secret police, however, rearrested him.

Emefiele is facing charges bothering on the illegal possession of firearms and ammunition filed against him by the Federal Government.
He has, however, pleaded not guilty to the charges.

 

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