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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CUSTOMS SEIZED DRIED SHARK FINS, DONKEY MALE GENITALS WORTH N1.23BN AT LAGOS AIRPORT. (PHOTO).

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The Murtala Muhammed Airport Command of the Nigeria Customs Service has intercepted male donkey genitals and dried shark fins worth N1.23bn at the Lagos Airport en route to China and Hong Kong respectively.


The Customs Area Controller in charge of the command, Muhammed Yusuf, disclosed this while showing some of the seized contraband to journalists at the commandon Thursday, August 17. Yusuf explained that the male donkey genitals were harvested from Abakaliki, Ebonyi State, by a Chinese.


“Donkeys are under endangered species and they came from Abakaliki and we begin to wonder why it came from that side. “We have a lot of donkeys in Abakaliki and now that they are endangered species, if these things continue to go out like this, you can imagine the roles they play in the ecosystem. As it is, the Chinese man has been arrested and the investigation is ongoing.”

On the shark fins, Yusuf said investigations were ongoing to know the source of the contrabands stressing that there are not enough sharks in Nigerian waters.


“The culprits have been apprehended and investigation is ongoing to know where these things come from. I know that in Nigeria waters we don’t have enough sharks that are up to this. This is supposed to be exported out of the country and nabbed at the point of documentation. 1,700 pieces of sharks are endangered and they are going to Hong Kong this is the first time we are seizing this in the command.”he said

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