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 arraignment of Nnenadi Ester Usman,a former Minister of Finance and Director of Finance PDP presidential Campaign Organisation in the last general elections along with Femi Fani-Kayode also a former Minister and Director Media/Publicity of the PDP presidential Campaign Organization,Danjuma Yusuf and Jointrust Dimensions Nigeria Limited by the EFCC at the Federal High Court,Ikoyi,Lagos could not hold today,June 21,2016,due to the absence of the presiding judge,Justice M.S Hassan who was said to be attending a workshop this week.The accused persons were scheduled to be arraigned on a 17-count charge bordering on conspiracy,stealing,corruption and making cash payments exceeding the amount authorized by law.The Commission's charge is in relation to about N4.9 billion Naira belonging to the Federal Government of Nigeria,but stolen and illegally disbursed for political and personal uses.The defendants who were present in court were later taken back to EFCC custody when it was clear that the court would not sit.However,the court registrar told anxious parties that a new date will be communicated to the counsels.More photos below. 
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