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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EFCC ARRAIGNS A GRADUATE FOR FRAUD.{PHOTO}.

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                                                          One Okunmwendia Victor was arraigned today by EFCC before Justice P. I Ajooku of the Federal High Court,Benin City on a three count charge bordering on fraud and obtaining by false pretense.Okunmwendia 29,a graduate of Delta State university is alleged to have presented himself as Sister Julia Imoke,founder and coordinator of Happy Home Orphanage in his attempt to extort money from unsuspecting persons.One of the counts reads, ''that you Okunmwendia O. Victor ''m'' {alias Sister Julia Imoke of Happy Home Orphanage} and others now at large on or abiut the 24th of January 2016 in Benin city,Edo State within the jurisdiction of this honourable court with intent to defraud,did obtain the sum of 900 US Dollars from one Ada k. ''F'' through  Western union money transfer under the false pretense that you ar sister Julia Imoke,the founder and coordinator of a non existing Happy Home Orphanage,a pretex you knew to be false and thereby committed an offence contrary to Section 1 {1} {a} of the Advance Fee Fraud and Other Related Offences Act,2006 and punishable under Section 1{3} of the same Act''.The accused person pleaded not guilty when the charge was read to him.Counsel to the Commission,M T Iko asked the court to fix a date for trial and to remand the defendants in prison custody.Attempt by the defense counsel,Osman Idehen to move for bail was refused by the court.Justice Ajoku adjourned the matter to November 16 for trial and ordered that the defendant be remanded in prison custody.

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