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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POLICE ARREST 40 SUSPECTS IN YABA. (PHOTO) #PRESS RELEASE.

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 POLICE ARREST 40 SUSPECTS IN YABA

 

The operatives of Lagos Rapid Response Squad (RRS) on Tuesday night arrested 40 suspected criminals in different black spots  within  Yaba.

 

The 40 suspects were arrested at about 10:00 p.m. when the operatives of Rapid Response squad

working with members of Lagos State Neighbourhood Safety Agency swooped on the areas.

 

The raid is sequel to complaints from members of the public about the activities of criminals who  waylay passersby and rob them of their belongings.

The Commander, Rapid Response Squad (RRS) CSP Olayinka Egbeyemi had following the complaints and the approval of the Commissioner of Police, CP Adegoke Fayoade directed the operatives to commence discreet surveillance of the area before the arrest.

40 suspects were arrested during operation while nine were released to their family members after a thorough screening of all the suspects at RRS Headquarters, Alausa by CSP Olayinka Egbeyemi.

The Commander has ordered that the 31 suspects be charged to court in line with the directives of the commissioner of police.

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