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 2 MEN TODAY OVER LAND SCAM AT OYO STATE.{PHOTO}.

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    The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, today May 22, 2018, arraigned the duo of Adebunmi Raheem Adisa and Leye Adisa before Justice A. N. Akintola of the Oyo State High court sitting in Ibadan on 9-count charge bordering on conspiracy, stealing, forgery and obtaining money under false pretence. 
The petitioner (name withheld) alleged that on 29th September, 2016 the defendants sold a plot of land to him with an uncompleted building located at plot 7 & 8 Akinsola Layout, off Olorunda Abba Road, Kanku, Onikokoro, Ibadan, Oyo State. He further alleged that he transferred the sum of 2,900,000.00 (Two Million, Nine Hundred Thousand Naira) to the first defendant’s account No. 2001172496. According to the petitioner, it was when he attended the Landlords meeting in the area where the said property is located that he discovered the defendants were not the real owners of the property.The defendants however, pleaded not guilty to the charges preferred against them.In view of their plea, prosecution counsel, Dr. Ben Ubi, prayed the court for a trial date and for the remand of the defendants in prison custody. Counsels to the first and second defendants, Ademola Osulale and O. Uwawah respectively, prayed the court for a short adjournment to enable them file a formal application for bail. Justice Akintola ordered that the defendants be remanded in the Federal Prison Agodi pending bail.The case is adjourned to June 4, 2018 for hearing of their bail applications.
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