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 FRAUDULENT MAN MICHAEL,SENTENCED TO JUST 8 MONTHS IMPRISONMENT FOR DUPING ONE HAJIA.

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                       Justice Dije Aboki of Kano state High Court,Kano today thursday June 11 2015,convicted and sentenced Michael Onu a.k.a Abdulsalam Yaro Musa,to eight months imprisonment for obtaining money by false pretence.The convict,using different names,had approached one Hajia Zainab to invest in the purchase of a solar material.The unsuspecting victim,at different time,paid various sums of money into bank accounts supplied by the convict,yet no solar material was delivered to her.In her ruling,Justice Aboki sentenced the accused to four months imprisonment and ordered him to pay a sum of N100,000 {One Hundred Thousand Naira} as restitution to the victim,or risk a further four months in prison.

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