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
33 year old Habeeb Muniru was arrested by the police at Ilasan Division Lekki Lagos,after stabbing a LASMA official Adesanjo Ayodele on the jaw.He allegedly attacked Ayodele for arresting his colleague now at large for a traffic offence.The suspect was arraigned before an Igbosere Magistrate Court Lagos on a court charge of felony and also for stabbing occasioning bodily harm.The police prosecutor,Inspector Raji Akeem told the court that the accused committed the offence on 30th September,2014 at Jakande Roundabout,Lekki Lagos.He said the complainant reported the matter to the police that the accused stabbed himwith a weapon while on lawful duty.The accused picked an iron rod from his vehicle and stabbed him on his jaw,after he arrested him for a traffic offence.When the arrested driver discovered that blood was gushing out from his jaw,he fled the scene and abandoned his colleague to his fate.The suspect was granted bail of N20,000 with two sureties after he pleaded not guilty to the charge.The matter was adjourned to 21th of October 2014.
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