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

NAVY DESTROY 15,775 LITRES OF STOLEN CRUDE OIL IN ONDO. (PHOTO).


Navy Destroy 15,775 Litres Of Stolen Crude Oil In Ondo State.

Men of the Nigerian Navy Forward Operating Base (FOB) in Igbokoda, Ondo State, over the weekend, intercepted and destroyed 15,775 liters of stolen crude oil in the Ilaje axis of the state.

The Commanding Officer of the base, Captain Wasuku Alushi, who estimated the value of the products to be N13,251,000, said the operation was carried out by the anti-crude Oil Theft (COT) patrol team.

According to Commander Humphrey Nnaji, who spoke on behalf of Alushi, the products were destroyed by the mandate of the joint task force Operation Delta Safe on COT.

He emphasized that the team had received intel on illegal bunkering within the axis, after which a wooden boat popularly known as a “Cotonou” laden with crude oil was tracked and intercepted.

“The wooden boat was intercepted about 12 nautical miles (NM) off the coast of the adjoining Ojumole and Obe communities in the Ilaje Local Government Area of Ondo State. On sighting naval personnel, the crew abandoned the boat and fled,” he said.


 

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