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 MD PREMIUM SAMFLEX,IDOWU FOR N11.7M FRAUD TODAY IN ABUJA.{PHOTO}.

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    The Economic and Financial Crimes Commission, EFCC, on Wednesday, July 4, 2018 arraigned one Felix Idowu and his company, Premium Samflex Integrated Limited before Justice O. O. Goodluck of the High Court of the Federal Capital Territory, Abuja, on a two-count charge of fraud to the tune of N11,750,000 (Eleven Million, Seven Hundred and Fifty Thousand Naira).
Count one of the charge reads:
"That you, Felix Idowu, being the Managing Director of Premium Samflex Limited and you Premium Samflex Limited on or about the month of January 2016 in Abuja within the jurisdiction of this Honourable Court fraudulently misappropriated the sum of Ten Million Naira being money entrusted to you by National Association of Nigerian Nurses and Midwives, FCT Chapter, to use in compensating the owners of land appurtenant to Plot No. 81 Giri Farmland Layout, Gwagwalada and thereby committed an offence punishable under Section 309 0f the Penal Code Act”.
The defendant pleaded not guilty to the charge.
In light of his plea, counsel to the EFCC, Samuel Ugwuegbulam, asked for a date to commence trial and asked that the defendant be remanded in prison custody.
Ugwuegbulam informed the court of the defendant's antecedent saying, “the defendant has criminal tendencies”. The counsel added that Idowu had once been granted administrative bail by the EFCC, but jumped bail.On the other hand, Sunny Tabi, representing the defendant pleaded with the court to grant his client bail as he had never been found guilty of any offence.
Justice Goodluck ordered the remand of the defendant in the EFCC custody and adjourned to November 7 and 14, 2018 for commencement of trial.
Idowu, in another case was arrested for impersonating the Acting Chairman of the EFCC, Ibrahim Magu. While posing as operative of EFCC, Idowu forged the signature of the Chairman and requested for money to get rid of a petition purportedly written against the complainant.
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