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

GERMAN POLICE ARREST 11 NIGERIANS FOR DATING SCAM AND MONEY LAUNDERING. (PHOTO).


 German police arrest 11 Nigerians for dating scam and money laundering


German Police have arrested 11 Nigerian nationals suspected to be members of a Black Axe group behind a large-scale dating scam and money laundering. 


The Bavarian police in a statement on Wednesday, April 24, 2024, said that the gang was involved internationally in “multiple areas of criminal activity” with a focus in Germany on dating scams and money laundering.


The police said the dating trick was a “modern form of marriage fraud”, adding that “Using false identities, the fraudsters for example signalled their intention to marry and in the course of further contact repeatedly demand money under various pretexts,"


The police further said that the money was subsequently transferred to Black Axe in Nigeria “via financial agents.”


According to the authorities, in the process, the gang used a “commodity-based money laundering” scheme where products, often with a seeming “charitable purpose” were bought and delivered to Nigeria.


Police added that 450 cases of dating and love scams were reported in the Bavaria region in 2023 with the damages rising to 5.3 million euros ($ 5.7 million).


The police said that the suspects, who all held Nigerian citizenship and were aged between 29 and 53, were arrested in nationwide raids on Tuesday, explaining that law enforcement agents swooped on 19 properties, including both homes and asylum shelters.


The police added that the Black Axe gang had “strict hierarchical structures under leadership in Nigeria” operating different territorial units, stressing that the group had a “significant influence” on politics and public administrations, in particular in Nigeria.


It was said that globally, the gang’s main areas of operation were “human trafficking, fraud, money-laundering, prostitution and drug trafficking”.


The police said that the action against Black Axe was the first of its kind in Germany.

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