Adani Green’s note offering raised $175 million from U.S. investors while bribery scheme was in progress November 20, 2024/US SEC The Securities and Exchange Commission today charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global Ltd., for […]
Frauds & Scandals
CBN Warns Public Against Fraudulent Contract, Project Funding Claims
November 18, 2024/CBN The Central Bank of Nigeria (CBN) wishes to alert members of the public to the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the Bank. We wish to clarify that this […]
SEC Obtains Final Judgment Against Defendant for Receiving Kickbacks in Bribery Scheme
November 18, 2024/US SEC On November 15, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Richard Brown for accepting kickbacks in an alleged scheme to defraud investors. The SEC’s complaint, filed in the Eastern District of New York on October 4, 2019, alleged that from approximately […]
