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 FAKE UNIVERSITY LECTURER FOR FRAUD TODAY.{PHOTO}.

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     The Economic and Financial Crimes Commission (EFCC) today February 30, 2018 arraigned one Mahmoud A. Sadiq before Justice Lawan Wada of the Kano State High Court on a one count charge bordering on obtaining money by false pretence.
The accused person allegedly obtained the sum of N410,000 (Four Hundred and Ten Thousand Naira Only) from the complainant under the pretext that the said money was to secure him a job at the Umar Musa Yar'adua University, Katsina. Upon receipt of the petition, the Commission swung into investigation which later revealed that the accused person is not a staff of the University as he claimed, rather, he is a contract staff of Federal College of Education, Katsina.The accused person pleaded not guilty when the charge was read to him.Counsel for the prosecution, Musa Isah requested a date for hearing in view of the plea of the accused person.The defense counsel I M Sheik, moved a bail application for his clients, which was granted in the sum of N100,000 (One Hundred Thousand Naira Only) and two reliable sureties.The case has been adjourned to March 27, 2018 for trial. The accused is to be remanded in prison custody pending the fulfilment of his bail conditions.
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