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

AGAIN, EFCC ARRESTS TWO CHINESE FOR ILLEGAL MINING IN ILORIN. (PHOTO). #PRESS RELEASE


 Again, EFCC Arrests Two Chinese for Illegal Mining in Ilorin


Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Sunday, February 18, 2024, arrested another two Chinese over offences bordering on illegal mining activities.


The suspects are Xiao Yi, 50 and Duan Yahong, 52. The two expatriates were arrested alongside two others suspected to be accomplices in the illegal business. They are Mumini Jamiu and Israel Nwachukwu.


The latest arrest brings to 48 the number of persons arrested for suspected illegal mining activities within the last two weeks by the Ilorin Zonal Command of the EFCC.


The suspects were trailed to their mining sites located at Isolo in Oshodi/Isolo Local Government Area of Lagos State, where they were arrested on Sunday, February 18, 2024, after days of surveillance by the EFCC operatives. 


Jamiu, a driver, was arrested while conveying a truck loaded with solid minerals from Banni in the Kaiama Local Government Area of Kwara State to a Chinese company in Lagos without lawful permit. 


Items recovered from the suspects include a truck with registration number JJJ 386 XT containing substances suspected to be solid minerals, phones, and travel documents. 


The suspects would be arraigned in court soon.

More photos below. 


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