INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
The upper sharia court in Bauchi has sentenced a 30 year old man,Umar Mohammed Kandahar to death by stoning,for impregnating his younger sister,from the same father.the suspect is married with three wives,but forcefully had sex with his younger sister.the younger sister was brought to his house by their father to help with take her to school but instead he forced her and had sexual intercourse with her,when she was 16 years old.the act resulted in pregnancy and she has already delivered a baby,which is contrary to section 136{1} of the Bauchi state penal code law 2001.the accused pleaded guilty but disagreed that he forced her to have sexual intercourse,instead he maintained that his sister accepted to have sex with him.the shariah court judge Musa Barde sentenced him to death by stoning.the accused has filled an Appeal against the judgement before the Bauchi state sharia court of Appeal,arguing that he did not agree with the judgment .the presiding judge,justice Aliyu Baba Usman has fixed monday,november 25,2013,for mentioning of the appeal.
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