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 SECURITY GUARD WAS ARRESTED FOR STEALING,FROM HIS EMPLOYER IN LAGOS.

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                    A 27 year old security guard identified as Philip Adeleke from Saki in Oyo state,was accused by the police in Lagos state of stealing several engineering equipment worth N820,000 from his employer's store.He was arraigned today monday at an Igbosere Magistrates Court in Lagos on a two count charge of breaking and entering and stealing.Prosecuting Sergeant Nicholas Akpene standing in for Sergeant Babatope Julius told the court that the defendant who came to Lagos in 2008,was employed as a guard at a construction site at Ikate Elegushi when he allegedly committed the offences.He further alleged that on December 28,2015 the defendant ,broke into a store at the site and stole a 7.5 KVA KIPOR generator,Steel Scaffold,Acro props pipes and a pumping machine all valued at N820,000,property of one Charles Iwobho.However,the defendant denied both charges and was granted bail of N100,000 with two sureties in the like sum.The case was adjourned till January 19,2016.

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