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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SENATOR SARAKI'S TRIAL,WILL BEGIN ON THE 21ST OF OCTOBER 2015.

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               Today tuesday,Senator Bukola Saraki appeared before the Code of Conduct Tribunal and he pleaded not guilty .Justice Danladi Umar,Chairman of the Tribunal,ajourned the sitting to allow Saraki receive proper brief of the 13 count charge against him.Saraki is accused of offences which include anticipatory declaration of assets,false declaration of assets in forms he filed before the Code of Conduct Bureau while he was governor of Kwara state.Other charges are that the Senate President failed to declare some assets he acquired while in office as governor.Among other offences includes allegedly acquiring assets beyond his legitimate earnings,Saraki is also accused of operating foreign accounts while being a public officer governor and senator.The charges were prepared by M.S Hassan,a deputy director in the office of the Attorney General of the Federation.The said offences violated sections of the fifth Schedule of 1999 Nigerian Constitution as amended.He is also said to have breached Section 2 of the Code of Conduct Bureau and Tribunal Act and punishable under paragraph 9 of the said fifth Schedule of the Nigerian Constitution.Both prosecution and defence counsel have agreed on October 21,22 and 23 for the main trial.

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