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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N2.8 MILLION FRAUD: OJI COLLINS AZUKA,OSAIBUEKU BRIGHT JAILED TODAY.{PHOTOS}.

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Image may contain: 2 people, indoor                  Justice Aisha Mahmud of the Kano State High Court today,March 17,2017 convicted and sentenced one Oji Collins Azuka and Osaibueku Bright to twelve months imprisonment on a two count charge of Conspiracy and theft.The accused persons fraudulently connived and fraudulently stole from the complainant's bank account,the sum of N2,800,000 through several withdrawals withput his authority.Further investigation through analysis of the convict's bank of account revealed that the sum of N2,800,000 {Two Million,Eight Hundred Thousand Naira Only} was fraudulently transferred from the complainant's account to the accounts of the convicts and two others who are still at large.Upon arraignment today,the convicts pleaded guilty to the two count charge.In view of their plea,prosecution counsel Musa Isah urged the court to convict them accordingly.Justice Aisha convicted the accused persons as charged but before passing the sentence,counsel representing the convicts Ibrahim Isah pleaded with the court to tamper justice with mercy while sentencing the convicts.After listening to the allocutus of the defence counsel on behalf of his clients,Justice Aisha sentenced the convicts to six months Imprisonment without option of fine on count one and six months imprisonment with option of N500,000 {Five Hundred Thousand Naira Only} fine.
She also ordered that the convicts refund the sum of N2,800,000 {Two Million,Eight Hundred Thousand Naira Only} illegally obtained to the complainant before the end of their sentence.She added that failure to refund the money within the given time would attract additional three years prison term on the convicts.All sentences are to run separately.One more photo below.
Image may contain: 2 people, people standing, shoes and outdoor

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