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

EFCC RECENTLY ARRAIGNS FIRS DIRECTOR FOR N5 MILLION BRIBE.

                                     The Economic and Financial Crimes Commission,EFCC on thursday,March 10,2016 arraigned Abumere Joseph Osagie,a Deputy Director,Regional Tax Office of the Federal Inland Revenues Services,FIRS and one Jamila Ojora on a 2 count charge bordering on criminal conspiracy and receipt of gratification before Justice O.O Goodluck of the Federal Capital Territory High Court Maitama Abuja.Osagie and Ojora had on January 27,2016 allegedly approached Senaor Datti,the Chancellor of Baze university,Abuja and gave him a tax assessment of N20,029, 496.00 through a letter of intent,which he paid.When Senator Datti requested for the assessment certificate,they refused to oblige him.Instead,they allegedly demanded for N5 million gratification.Consequently,marked N5million was delivered to the director through Ojora in a sting operation,an operation which led to her arrest.Consequently her confession led to the arrest of Osagie.The offence contravenes Section 17  {1} {a} and punishable under 17 {1} {c} of the Corrupt Practices and other Related Offences Act,2000.The accused persons pleaded not guilty to the charges preferred against them.They were granted bail on the condition that both of them will deposit their international passports with the court and provide two sureties who are public servants of grade level 14 from any federal government parastatals.The sureties must be resident in Abuja and their residential address must be verified by the court.The judge also ordered the accused persons to be remanded in prison custody until the bail terms are met.The case has been adjourned to April 27 and 28,2016 for trial.One more photo below.                                                                                                    

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