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

RICKEY TARFA {SAN},RE-ARRAIGNED BY THE EFCC YESTERDAY.{PHOTO}.

                                                                                   The Economic and Financial Crimes Commission,EFCC,yesterday re-arraigned a Senior Advocate of Nigeria,Rickey Tarfa before Justice A.A Akintoye of the Lagos State High Court sitting in Igboshere,over an amended 26-count charge of refusal to fill asset declaration forms,making false information to an officer of the EFCC and offering gratification to a public official.Rickey Tarfa SAN was alleged to have intentionally offered gratification to Justice Nganjiwa Hyeladzira Ajiya,a Federal High Court Judge on several occasions in order to refrain the Judge from acting in the exercise of his officials.He was also said to have provided false information on the statement he made at the EFCC aand refused to fill asset declaration forms.One of the counts reads that you Rickey Tarfa SAN on the 27th day of June ,2012 in Lagos within the jurisdiction of this Honourable Court,intentionally gave the sum of N1.500,000.00 {One Million ,Five Hundred Thousand Naira only} to Hon. Justice Hyeladzira Ajiya of the Federal High Court directly from your  Zenith Bank .Account No. 1002926967,in order that the said Judge acts in the exercise of his official duties contrary to section 64 {1} of the Criminal Law of Lagos State ,No.11 ,2011.He pleaded not guilty to the charges.In view of his plea,the defense counsel, A.J Owonnikoko SAN argued that the defendant is standing trial for an offence on the same fact and that the amended charge will prejudice and overreach the defendant.He told the court that a motion had been filed at the court of appeal challenging the proprietary of the charge and urged the court to make reference to the court of appeal in the case.Responding ,Rotimi Oyedepo the prosecution counsel submitted that the issue does not sustain any subject of appeal.He referred to the Administration of Criminal Justice Act of Lagos State which allows for amendment of charges.Furthermore he stressed that the court has inherent discretion on whether to refer a case to the court of appeal or not .Oyedepo therefore urged the court to dismiss the application which is intended to delay the case.After listening to the argument of both counsels,Justice Akintoye dismissed the application of the defense to refer the matter to court of appeal and ordered that trial should commence.The matter was adjourned to November 28,2016 for continuation.

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