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
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FAYOSE'S ALLY,AGBELE GRANTED N500 MILLION BAIL TODAY IN ABUJA.{PHOTOS}.

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                         Justice Nnamdi Dimgba of the FHC,Abuja,granted Agbele bail in the sum of N500 million which will be forfeited to the Federal Government in the event that he absconds.He is to provide two sureties,a civil servant of the rank of a Director,a business man or professional in the sum of N250 million each.The accused is to deposit his travelling documents with the Registrar and must not travel without court's permission.He is to be remanded in prison custody pending fulfilment of his bail conditions.Trial commences October 26 & 27,2016.More photos below.                                           

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