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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$330,000 FRAUD: APPEAL COURT AFFIRMS CONVICTION OF EX-LAGOS COURT REGISTRAR,OLURONKE ROSOLU.{PHOTO}.

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Image may contain: 1 person, hat and close-up                  The Lagos Division of the Court of Appeal has dismissed an application filed by a former Lagos Curt Registrar,Oluronke Rosulu,who was sentenced to 10 years imprisonment by Ikeja High Court for defrauding a former Chief of Army Staff,Lt-Gen.Ishaya Bamaiyi {retd} of $330,000.
Rosolu had been convicted by Justice Lateef Lawal-Akapo of the Lagos High Court,Ikeja on the two-count charge of conspiracy and obtaining money by false pretences brought against her by the Economic and Financial Crimes Commission,EFCC,on December 21,2015.
Consequently,the appellant,through her lawyer filed a notice of appeal on December 30,2015,challenging her conviction.However,in a judgement delivered on friday,the Court of Appeal dismissed her appeal and affirmed the decision of the lower court.Rosulu had aided Fred Ajudua,a one-time Lagos socialite,to defraud Bamiayi when they were both remanded at the Kirikiri Maximum Prison,Lagos for different offences.
The prosecution had told Justice Lawal-Akapo that Ajudua made a false representation to Bamaiyiii that the $330,00 was the professional fees for the law firm of Afe Babalola and Co. to facilitate Bamaiyi's release from prison,a claim which the firm denied.During the trial,Rosulu had denied going to the Kirikiri Maximum Prisons or knowing Ajudua.
However,counsel to the prosecution presented a number of witnesses who testified that Rosulu went t the prison on different occasions to collect the money from Bamaiyi on behalf of Ajudua.While delivering her judgement,Justice Lawal-Akapo had said: ''The representation that she never collected $330,000 from the complainant is deceptive; the accused could not provide a strong alibi for her whereabouts when the fraud occurred.''I find the accused guilty as charged.As a registrar of court,the accused should have been an image maker of the judiciary,but she acted in the contrary.On count one,I sentence the accused to 10 years imprisonment and on count two I sentence the accused to 10 years imprisonment.''Both sentences are to run concurrently''.
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