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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A DEPUTY CONTROLLER OF PRISONS IN KOGI STATE,JAILED YESTERDAY FOR FRAUD.

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Joseph Idachaba               Joseph Idachaba,a Deputy Controller of prisons was sentenced to seven years in prison by a High Court in Okene in Kogi state yesterday friday  for defrauding the Nigerian Prisons Service {NPS} of over N1.4million.He was arraigned alongside with Ruth Onoja,for fraudulently transferring N1.4 million from NPS bank accounts to that of a ghost staff named Mohammed Ugbede,in February.They were trailed on a three count charge of criminal conspiracy,falsehood and fraud levelled against them by the Economic and Financia Crimes Commission {EFCC}.The Judge said that the convict had initially admitted to the commission of the crime in his statement,but later turned around to deny it.The judge based his judgement on the prosecution because they proved beyond reasonable doubts  that the suspects intention was to defraud the Nigerian prisons of N1.4 million and ''To believe the story of the 1st accused in the face of the overwhelming evidence adduced by the prosecution is to believe the holiness of a bishop hanging a talisman on his neck''.

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