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
According to the Nation,an Igbosere Magistrate Court,Lagos today friday sentenced a 22 year old housekeeper,Kennedy George,to five years imprisonment for stealing his employer's jewellery and cash worth N6.3 million.Presiding Magistrate,Mrs A.T Omoyele,convicted George after he admitted to stealing his boss Automated Teller Machine {ATM} card to withdraw the money.The housekeeper,however claimed he was not the only one that spent the money.George,who lived with his employer,was arraigned on June 19,2015,on a three count charge of conspiracy and stealing preferred against him by the police.He pleaded not guilty to the charges and was granted N250,000 bail with the two sureties in like sum.Prosecuting police Corporal,Cyriacus Osuji,told the court that George and others at large committed the offences between February 6,2015 and June 2015,at about 10:00am ,at No. 3A,Iron Bar Street,Lekki Phase 1,Lagos.Osuji alleged that the defendant stole the sum of N300,000 and assorted gold jewellery worth N6 million,property of one Uzo Nwogu.He called two witnesses and said the offences contravened Sections 285 {7} and 409 of the Criminal Law of Lagos State,2011.More photos below. 
Comments
Post a Comment