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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MAN BAGS JAIL TERM FOR INTERNET FRAUD TODAY AT EDO STATE.{PHOTO}.

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      Justice P I Ajoku of the Federal High Court, sitting in Benin City, Edo State, today Tuesday, June 12, 2018 convicted Lucky Ogada, aka Peter Lucas for offences bordering on fraudulent trick and attempting to obtain by false pretences.
Ogada who was prosecuted by the Benin Office of the Economic and Financial Crimes Commission, EFCC, on December 9, 2017 in Benin, attempted to obtain money from one Fukuda when he represented himself as Peter Lucas through his gmail account: randyhatchs@gmail.com.The offence is contrary to Section 421 of the Criminal Code Act, Laws of the Federation of Nigeria, C39, 2004 and punishable under Section 510 of the same Act.Upon his arraignment on a one count charge, Ogada pleaded guilty to the offence.In view of his plea of guilt, the prosecution counsel, Larry Aso Peters, urged the court to convict and sentence the defendant accordingly. In his response, defence counsel, Afamefuna Agbakor pleaded with the court to tamper justice with mercies as the defendant was a first time offender who has become remorseful since he was arrested and has also promised to desist from such despicable act.Justice Ajoku after listening to both counsels sentenced the defendant to two months imprisonment.
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