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Showing posts from April 30, 2015

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

GABRIEL IGBINEDION'S SON MICHAEL,SENTENCED TO 6YEARS IMPRISONMENT TODAY FOR MONEY LAUNDERING.

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                     Today thursday,Justice Muhammed Lima of Benin division of Federal High Court sentence Michael Iginedion,son of Gabriel Igbinedion,to six years imprisonment over alleged laundering of N25 billion fund belonging to the Edo state government.Justice Lima also sentenced Patrick Eboigbodin,an aid to former governor Lucky Igbinedion to 20 years imprisonment in addition to a fine of N250,000 on a 10 count charge.Michael Igbinedion,a younger brother to former governor of Edo state Lucky Igbinedion was sentenced to two years imprisonment on each of the three count.He was however given an option of N3million fine.All the jail terms of the convicts are to run concurrently.PML Securities Limited,one of the companies allegedly used by the convicts to launder the funds,was ordered to fold up and forfeit all its assets to the Federal government.

A 14 YEAR OLD GIRL & HER MOTHER WAS PUSHED OFF A MOVING BUS AFTER BEING MOLESTED IN INDIA.

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                According to sources,recently a 14 year old Arshdeep Kaur and her mother Shinder,were traveling fro their home in Punjab,northern India to visit relatives when a group of about half a dozen men began harassing them.The men grabbed the 14 year old and made several attempts to molest her and her mother,but instead of defending them,the bus staff joined in the sexual assault.The incident took place on a near empty bus near Moga,some 50 miles from the Pakistan border,in Punjab province.From the testimony the mother of the 14 year old gave the press in the hospital,she said Shortly after they boarded the bus,a group of men had surrounded them and tried to grab both of them.The mother alerted the conducted about the harassment instead the conductor joined in and started abusing them both.After fighting off her attackers,she ran through the bus to tell the driver to stop the bus,but immediately the driver started driving faster.The assault continued untill the bus slowed down