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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EX-LOCAL GOVT CHAIRMAN BAGS 6-YEARS IMPRISONMENT IN OSUN STATE.{PHOTO}.

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                                        A former chairman of Orolu Local Government Area of Osun state, Chief Rufus Woleola Ojo was today convicted and sentenced to 6 years imprisonment for corruption. The convict who was prosecuted at the Osun State High Court, Ede by the Ibadan Zonal office of the Economic and Financial Crimes Commission, EFCC, was pronounced guilty by Justice David Oladimeji on two of the three count amended charge filed against him.
The court accordingly, sentenced him to three-year jail term on each of the two counts. The sentences are however to run concurrently.The journey to prison began for Ojo following his arraignment before Justice F.E. Owolabi of the Osun State High Court on Tuesday, 28 May, 2013 on a three count charge bordering on stealing, using position for personal gratification and money laundering.One of the charge that earned him a jail term reads,"that you Chief Rufus Woleola Ojo (Carrying on Business under the name and style of Rulekal Ventures) and others at large sometimes in December 2006 at Orolu Local Government Area within the jurisdiction of this Honourable Court, with intent to defraud fraudulently converted to your own use the sum of N22,058,021.30k Twenty Two Million, Fifty Eight Thousand and Twenty One Naira, Thirty Kobo) property of Orolu Local Government Area of Osun State entrusted to you whilst you were its Executive Chairman".However, the court discharged him on a third count of money laundering.

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