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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A MAN WAS ARRAIGNED TODAY FOR DUPING FIDELITY BANK OF N50MILLION.{PHOTOS}.

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                    The EFCC today,October 11,2016 arraigned one Wahab Olawale Amoo and his company,Wahab Amoo and Sons Nigeria Limited before Justice Adedayo of the Lagos State High Court,sitting in Igbosere on count charge bordering on four counts bordering on Conspiracy,Forgery and Obtaining by False Pretence to the tune of Fifty Million Naira {N50,000,000.00}.The accused person allegedly conspired with his company,the 2nd accused person,to defraud the complainant Fidelity Bank Plc of the sum of Fifty Million Naira {N50,000,000.00} only by using forged documents to secure a loan facility through a property which was under caveat  at the Land Registry,Lagos State.He pleaded not guilty to the charges preferred against him.In view of his plea,the prosecution counsel Fadeke Giwa asked the court for a trial date and also requested that the defendant be remanded in prison custody.However,the defense counsel Eric Uteh told the court that he served the prosecution the bail application for his client,but Giwa said she was served in court and would need time to reply.Justice Akintoye remanded the accused person in prison custody pending hearing of bail application and subsequently adjourned the matter to October 19,2016.One more photo below.

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