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 ARRESTED SUSPECTED SERIAL FRAUDSTER.{PHOTO}.

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     The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Friday, August 31, 2018 arrested a serial fraudster, Olufunmilade Adeyemi, Managing Director, Stealth Communication Limited, for fraud.
The suspect, who once presented himself as Alexandra Moses, had previously been arrested in Ghana with the assistance of the Ghanaian authorities and brought back to Nigeria for prosecution, following a complaint against his alleged criminal activities.Adeyemi was subsequently arraigned before Justice O. A. Williams of the State High Court, Ikeja, Lagos, for offences bordering on obtaining by false pretence and diversion of funds. He pleaded not guilty when the charges were read to him and was granted bail. Meanwhile, even as he is still facing trial before the State High Court, Ikeja, the suspect, who now claims to be Aladura Moses, was said to have floated another company under a different name. He was alleged to have been recruiting unsuspecting job seekers whom he uses to sell non-existent lands to members of the public, since he started the new company located in the Ikoyi area of Lagos State.The suspect was, however, arrested today in a sting operation by operatives of the EFCC. He will soon be charged to court when investigations are concluded.
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