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 FEDERAL HIGH COURT IN ABUJA,GRANTED RAYMOND DOKPESI BAIL TODAY.

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                           Today monday,a Federal High Court in Abuja granted bail to Raymond Dokpesi,who is standing trial over alleged more than  two billion naira fraud.In a ruling Justice Gabriel Kolawole granted bail to Raymond Dokpesi in the sum of N400 million and two sureties in like sum.He said that each surety must have a landed property with two hundred million naira each.Justice Kolawle said that one of the sureties must be a serving or retired civil servant of the rank of a director in either the Federal or State Civil service.He further said if retired,the srety must show a retirement letter indicating the organisation where he or she had served.The second surety must be a private entrepreneur with evidence of three years tax clearance certificate and a verifiable landed property worth two hundred million naira.The sureties must sign an undertaking of forfeiture of the property to the Federal Government,in the event that the defendant did not make himself available for trial.The Judge ordered that the international passport of the defendant should be deposited with the registar of the court.He said failure to perfect the bail conditions,the defendant should be remanded in Kuje prison pending the time all the conditions would be met.He also directed that Dokpesi should not be arrested by any government agency for any investigation and if any government agency wanted further investigation on the case,it should approach the defendant's lawyers to make him available.One more photo below.                                                                                                                   

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  1. Anonymous17 December 2015 at 01:24

    he is granted bail for taking 2billion that was meant for fighting Boko Haram, yet an indian hemp seller is sentenced to life imprisonment. Nigeria Juidiciary I hail thee

    ReplyDelete

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