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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EX-ABIA GOVERNOR ''KALU'' & OTHERS DOCKED FOR N3.2BN FRAUD.{PHOTOS}.

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                The EFCC,has re-arraigned a former governor of Abia State,Orji Kalu; his ex-aide,Jones Udeogo and Kalu's company,Slok Nigeria Limited,on an amended 34-count charge bordering on criminal diversion of fund to the tune of N3.2billion from the Abia State Government's treasury during Kalu's tenure as governor.Kalu and others were docked before Justice Anwuri Chikere of Federal High Court,Abuja nine years after their cases were stalled.They were first arraigned in 2007 before Justice Adamu Bello of the Fedral High Court,Abuja {now retired}.
Prio to their arraignment,Kalu and others had argued against the proceedings,and urged the court to await the appeal by Slok pending at the Supreme Court.But Justice Chikere rejected their objection to their arraignment and ordered them to enter their please.The defendants pleaded not guilty when the charges were read to them,and they were granted bail on the terms attached to the bail earlier granted them on April 30,2008.The case has been adjourned to December 6,2016 for commencement of trial.One more photos below.

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