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
30 women were today monday in Ikeja Magistrate court sentenced to six weeks imprisonment for prostitution.Those sentenced are Funmi Olayemi,Damilola Ibrahim,Blessing Emmanuel,Grace Nwaokoro,Anu Titus,Princess Osu,Cynthian Ozumba,Chindima Eke,Blessing Winwah,Rebecca James,Gift James,Bukola Taiwo,Patience Amos,Oyinda Adesewa,Funmilayo Ajayi,Modinat Bello,Damilola Abiodun,Saki Godwin.Glory Edet,Blessing Okafor,Tope Obatula,Shade Afolabi,Foluke Kolawole,Tosin Ajayi,Bisi Onanuga,Princess Isaac,Ester Akpan,Cythia Osas,Joy Osas and Patricia whose surname is unknown.The accused were being tried for prostitution and breach of peace.The Magistrate Mrs O. Odusanya sentenced the accused to six weeks each with an option of N10,000.The accused during their arraignment today monday pleaded guilty to the offence,attributing it to the handiwork of the devil.The accused,whose ages and residential addresses were not given,were arrested at Obalenda area of Lagos at 2 am.The prosecutor,Insp.Femi Alabi told the court that the accused committed the offence on September 5th,2015 at Obalende area of Lagos.He said that the accused paraded themselves on the street as public nuisance.''The accused were caught soliciting for clients,which is against the law of the state''.
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