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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N4.7BN FRAUD: COURT ADJOURNS EX-OYO GOV. LADOJA'S TRIAL INDEFINATELY

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    Justice Mohammed Idris of the Federal High Court sitting in Ikoyi, Lagos has adjourned sine die the ongoing trial of a former governor of Oyo State, Rasheed Ladoja.
Ladoja is facing trial alongside a former Commissioner for Finance in the state, Waheed Akanbi, for allegedly laundering a sum of N4.7bn from the coffers of Oyo State government.
At today’s sitting, the prosecution counsel, O. O. Olabisi, statedthat he had filed an amended charge against the defendant before the court.
He also prayed for an extension of the fiat issued to the Judge by the President of the Court of Appeal to conclude the matter this month.
Justice Idris is among the 12 High Court judges recently elevated to
the Court of Appeal.
Counsel to the first defendant, Bolaji Onilenla, opposed the application of prosecution to amend the charge, saying, “At this critical stage, the prosecution cannot amend the charge.”
Onilenla, however, aligned himself with the prayer of the prosecution for an extension of the fiat given the presiding Judge.
Counsel to the second defendant, Olumide Fisikan, sought to move his
application of no-case submission.
He also aligned himself with other counsels in the matter that the judge should seek an extension of the fiat on the matter.
In his short ruling, Justice Idris held that either party was at liberty to apply to the President of the Court of Appeal for the renewal of the fiat in line with the Administration of the Criminal Justice Act, ACJA.
“To be on a safe side, this case must be adjourned sine die,” he further held.
The defendants were first arraigned in 2008 before Justice A.R. Mohammed.
They, however, challenged the validity of the charges up to the Supreme Court.
The apex court in 2015 dismissed their appeal and ordered them to go
back to the lower court to face their trial.They were subsequently re-arraigned on December 14, 2016 before Justice Idris.
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