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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ADJOURNMENT OF 'LETS PARTNER WITH YOU' CASE,PROVOKES PROTESTS IN COURT YESTERDAY IN ENUGU.{PHOTO}.

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Image may contain: 1 person            There was a mild drama at the Federal High Court,Enugu March 6,2017 when some depositors with the ''Lets Partner With You'' protested what they considered a long adjournment of the case involving the operator and managing director of the company,Patrick Shanchi Nwokike,his wife Rosemary Ifeoma Nwokike and their company.Justice Dugbo R.O Oghoghorie had adjourned the case to May 17,2017 for trail,a development which angered some victims who are demanding a speedy trial of the case.The Economic and Financial Crimes Commission,EFCC had on tuesday November 15,2016,arraigned the trio on a four-count charge bordering on Advanced Fee Fraud and carrying out banking business without valid License,offence which run contrary to the provisions of Section 2{1} of the Banks and Other Financial Institutions Act and the case adjourned to March 6,2017.When the case was called up,the prosecution led by M.U. Onome told the court they were ready for trial with a witness in court.
Counsel to the 1st accused,G.C Igbokwe however,informed the court that he was just briefed and needed time to acquaint himself with the case.But Onome wondered why the defence could not put its house in order in the four months since the accused persons were arraigned...''My Lord,thee defence had long been served since November last year with proof of evidence; even the additional statement of the witness who is in court today was served to the defence since 24th February,2017''.It would be recalled that the EFCC had on thursday October 6,2016 arrested the Managing Director of ''Lets Partner With You Ltd'' Chief Nwokike and his wife Rosemary at his residence in Enugu,following several petitions by innocent Nigerians who fell prey to his baits of financial gains on invested funds.
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Comments

  1. Unknown21 May 2017 at 04:00

    Do you have update on this lets partner with you case?

    ReplyDelete

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