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 Economic and Financial Crimes Commission EFCC,yesterday thursday October 27,2016,secured the conviction of one Mrs Chika Amsy Charlse,who was convicted by Justic D.V Agishir of the Federal High Court sitting in Enugu,and sentenced to three years imprisonment on each of the thirty count charge preferred against her by the Commission.The sentence which was to run concurrently from the date of her conviction,was without an option of a fine.The Convict was found guilty of swindling three innocent young Nigerians up to the tune of N5,620,000.00 {Five million,Six Hundred and Twenty Thousand Naira only} under the guise of helping them secure admission into Enugu State University of Science and Technology ESUTH,through her unresistered NGO called 'Bold and Dynamic Gender Initiative'.But Chika ran out of luck in 2007 when one of her victims whom she defrauded petitioned the EFCC,on her fraudulent activities.One of the Counts on which she was convicted and sentenced reads: That you Chika Amsy Charles,Simon Chidubem {at large} and Friday Ali {at large} on or about the 10th October 2007 at Enugu,Enugu State within the jurisdiction of the Federal High Court of Nigeria with intent to defraud obtained N330,000 {Three Hundred and Thirty Thousand} from Okudoh Obinna by False Pretense when you represented yourselves as capable of procuring admission for his wards into Enugu State University of Science and Technology which pretense you knew to be false and thereby committed an offense contrary to section 1{1} {b} of the Advanced Fee Fraud and Other related offenses Act NO: 14 of 2016 and punishable under Section 1 {3} of the same Act.One more photo below.
Comments
Post a Comment