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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CUSTOMS JBPT SECTOR II INTERCEPTS ITEMS WORTH N1. 1BN IN 2 MONTHS, ARRESTS SUSPECTS. (PHOTOS). #PRESS RELEASE.

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 Customs JBPT Sector II Intercepts Items Worth N1.1bn in 2 Months, Arrests Suspects


Deputy Comptroller (DC) Mohammed Shuaibu, the Coordinator of Joint Border Patrol Team Sector II Southwest Zone, has announced the seizure of contraband items worth N1,128,684,900 within the last two months.


During a press briefing held at the Customs Training College Ikeja, Lagos, on Friday, 28 June 2024, the Coordinator explained that the result of the operation was due to intensive patrol by officers and men attached to the team. 


“The interception was across the border areas of the 6 states of the southwest geopolitical zones. 5 suspects were arrested in connection with some of the seizures, and they are currently undergoing investigation and prosecution,” he noted. 


DC Shuaibu also stated that some illegal migrants were arrested and handed over to the Nigeria Immigration Service for further investigation.


The seized items include; 4,051×50kg foreign parboiled rice; 3751 jerrycans of Premium Motor Spirit (PMS); 425 cartons of frozen poultry products (which have been destroyed); 912 pieces of used tyres; 30 sacks of Cannabis Sativa (85 blocks and 125 wraps), means of conveyance 30 units; 7 Tokunbo vehicles; 1 truck and 4 units of motorcycles. 


“With the Nigeria Immigration Service as a critical component of the JBPT, 30 illegal migrants suspects who violated immigration laws were arrested and handed over for further prosecution,” Shuaibu stated. 


Speaking further, the Coordinator added that a total revenue of N11,533,217 was raised by issuing Demand Notices (DN) on vehicles and other goods improperly imported into the country.


He expressed gratitude to the Comptroller-General of Customs, Adewale Adeniyi and his management team for providing logistics, among other support, which has helped to achieve results.

More photos below. 





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