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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DIEZANI ALISON-MADUEKE CHARGED WITH BRIBERY- UK POLICE. (PHOTO).

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Former Petroleum Minister, Diezani Alison-Madueke, has been charged with bribery in the United Kingdom.
According to Reuters, British police said they had charged her with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million-pound oil and gas contracts.

Alison-Madueke, 63, was a key figure in the administration of former President Goodluck Jonathan.
She served as petroleum minister from 2010 to 2015 and also acted as president of the Organization of the Petroleum Exporting Countries (OPEC).

“We suspect Diezani Alison-Madueke abused her power in Nigeria and accepted financial rewards for awarding multi-million-pound contracts,” said Andy Kelly, Head of the National Crime Agency’s (NCA) International Corruption Unit.
“These charges are a milestone in what has been a thorough and complex international investigation.”

 

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