INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
EFCC {Economic and Financial Crimes Commission on January 15,arraigned a former Chairman of Kaduna South LGA,Bala Isa Idris before a High Court in Kaduna stste on one count charge that borders on advance fee fraud.The accused allegedly obtained the sum of N3,000,000 from one Alhaji Bashir Ahmed when he fraudulently sold a plot of land belonging to the council,situated at Mechanic village,Kurmin Mashi,Kaduna state to him with the false claim that he had the authority to dispose the piece of land.The accused pleaded not guilty to charge read and was granted bail in the sum of N1,000,000 and one surety in like sum.The surety must be a civil servant not below grade level 12.The case was adjourned to March 10,2016 for commencement of trial.One more photo below. 
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