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 BUSINESSMAN TODAY FOR $935,971 SCAM.{PHOTOS}.

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Image may contain: one or more people, people standing and beard                          The Economic and Financial Crimes Commission today tuesday,January 17,2017,arraigned one Chris Ifeorah and his company,Wigmore Trading Limited,before Justice A,M Nicol-Cray's of the Lagos State High Court,sitting in Igbosere,Lagos on a two-count charge bordering on stealing and obtaining goods by false pretence to the tune of USD 935,971 {Nine-hundred and Seventy-one United States Dollars}.The accused person had allegedly obtained the fast-moving items on credit from the complainant,the Kellogg Company of South Africa {Pty} Limited {Kellogg's SA} in 2015.The complainant further alleged that the accused person,who promised to repay within three moths,became elusive after receiving the items.
One of the charges reads: ''Chris Ifeorah and Wigmore Trading Limited between March 2015 and December 2015 in Lagos withn the jurisdiction of this Honourable Court,by false pretence and with intent to defraud,induced the Kellogg Company of South African Pty Limited {Kellogg's SA} to confer a benefi of fast-moving,fast-consuming food products valued at USD 935,971 {Nine Hundred and Thirty Five Thousand,Nine Hundred and Seventy One United States Dollars] on you on the understanding that the the goods will be paid for,which pretence you knew was false''.The accused person,however,pleaded not guilty when the charges were read to him.In view of his plea,the prosecution counsel,Muritala Said Usman,asked the court for a trial date and prayed that the accused be remanded in prison custody.Counsel t the defendant,Maduka Ken Nwanna,told the court that there was a pending application for bail.Consequently,Justice Nicol-Cray's adjourned the case to January 24,2017 for hearing of the bail application and ordered that the accused person be remanded in prison custody.More photos below.
Image may contain: 1 person, standingImage may contain: 1 person, standing and beard

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