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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N1.62BN FRAUD: SENATOR JOSHUA DARIYE FINALLY CLOSES CASE TODAY.

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       The new counsel for Senator Joshua Dariye, Kanu Agabi, SAN, finally closed the case of the defence, on October 10, 2017 bringing to a close a defence that began on June 10, 2016.
Agabi who was used by Dariye to replace G.S. Pwul, SAN, his former counsel who withdrew in March, told Justice Adebukola Banjoko, that the defence was ready to address the court.“My lord, I am pleased to inform your lordship that we are closing the case for the defence and will like to address you,” Agabi said.The prosecution, led by O.A. Atolagbe, raised no objections.“We have no objection to that, and we are also grateful to address your lordship,” Atolagbe said.Atolagbe, thereafter, urged the court to vacate a subsisting order, based on the request of the defence when it was led by Pwul, asking for the recall of the first prosecution witness, Musa Sunday, an EFCC operative, who was also present in court.The defence raised no objections to the oral application of the prosecution.
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