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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EFCC ARRESTS FIVE FOR SUSPECTED ILLEGAL MINING ACTIVITIES IN ILORIN. (PHOTO). #PRESS RELEASE.

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 EFCC Arrests Five for Suspected Illegal Mining Activities in Ilorin


Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested five persons for possession and conveyance of three truckloads of assorted solid minerals suspected to be mined without an appropriate licence.


The suspects are three truck drivers and two truck boys.


Their arrest, which was effected along Maraba road, Ilorin Kwara State and Ogbomosho, Oyo State between March 21 - 22, 2024, followed credible intelligence and surveillance.


The suspects were arrested while conveying solid minerals suspected to be marble stone, white powder, lithium and lepidolite, to Shagamu and Alakija in Ogun and Lagos States respectively  for commercial purposes without a requisite licence.


The Ilorin Zonal Command had on February 5, 2024 arrested 41 persons over suspected illegal mining activities and impounded 12 truckloads of assorted minerals mined without an appropriate licence.  


The suspects will be charged to court upon conclusion of  investigations.

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