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 MOTORCYCLIST ''MOHAMMED'' WAS SENTENCED TO 6 MONTHS FOR STEALING A CELL PHONE IN LAGOS.

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                    According to sources,one 18 years old commercial motorcyclist,Mohammed Hassan has been sentenced to six months in prison for stealing a mobile phone valued at N1,500 and escaping from police custody.During his arraignment on January 6 by the police at a Lagos State Magistrate's Court in  Igbosere,Hassan pleaded guilty to committing both offences contrary to Sections 285 and 106 of the Criminal Law of Law State,2011.Prosecuting police officer,Ester Adesulu,had told th court that on January 2 at about 5:10pm,Hassan stole one Slok Phone valued at N1,500 property of one Halima Sanni,at shop 6,POWA Market,Obalende Police Barracks,Lagos.She said that two days later at about 5:30pm at Onikan Police Station,South West Ikoyi,Hassan escaped from the custody of Inspector Theresa Obasi.Hassan who hails from Jimata local government area of Adamastate,came to Lagos in October 2015 and works as commercial motor cyclist.He went to the complainant's shop to buy jean trousers but met no one there.He saw the phone,took it but was caught by the shop owner,who returned as he was leaving the place.

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