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
The Court of Appeal,Lagos Division has upheld a Lagos High Court judgment according to the Nation newspaper,ordering the Registered Trustees of Deeper Christian Life Ministry {DCLM} to pay N5 million as damages for trespass on land owned by the Celestial Church of Christ {CCC}.CC had,through its representative,Joseph Ebhodaghe,sued DCLM over a disputed land measuring approximately 1055.864 square meters,situated at Mulero area of Agege and registered as No. 75 Volume 2004T at the Lagos State Land Registry,Ikeja.At the High Court,Justice Candide-Johnson in a judgment delivered on January 17,2014,declared Celestial Church as the rightful owner of the disputed land and awarded N5m as damages against Deeper Life.The court also granted a perpetual injunction restraining DCLM,its agents or servants from further trespass on the disputed land.Dissatisfied,DCLM,through its lawyer,Gabriel Akigbe,appealed against the judgment and urged the court to set itt aside on the grounds that the trial judge was in error with regard to the documentary and oral evidence placed before the court.But,in a unanimous decision,the appellate court comprising Justice Chinwe Iyizoba {presiding},Justice Yargata Nimpar and Justice Abimbola Obaseki Adejumo held that the appeal was unmeritorious and dismissed same accordingly.In her lead judgment,Justice Abimbola Obaseki-Adejumo resolved al the six issues in contention in favour of the respondent.Her Lordship observed that both parties traced their title ownership to the Olalabi-Sulu family.One more photo below. 
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