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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ANOTHER N2.4BN TO BE FORFEITED BY PATIENCE JONATHAN,SUPREME COURT RULES.{PHOTO}.#PRESS RELEASE.

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       The Supreme Court has dismissed an application filed by Patience Jonathan, wife of former president, Goodluck Jonathan, seeking to upturn the interim forfeiture order by a Federal High Court, Lagos placed on the sum of N2.4 billion linked to her.
The Economic and Financial Crimes Commission, EFCC, had traced the said sum to her and alleged that it was proceed of illegal activities. The N2.4 billion, according to the EFCC was surreptitiously kept in the bank account of La Wari Furniture and Baths Limited, domiciled with Eco Bank Plc.
Justice Mojisola Olaterogun had in 2017 ordered the interim forfeiture of the money, and held that anyone interested in it should appear before the court to show cause why it should not be finally forfeited to the Federal Government.
Dissatisfied with the ruling, Patience had approached the Court of Appeal, Lagos Division, seeking to upturn the ruling of the lower court.
However, ruling on the appeal on January 12, 2018, the appellate court, in a lead judgement read by Justice Mojeed Owoade, rather upheld the interim forfeiture order.
Not satisfied with the ruling of the appellate court, Patience, through her counsel, Mike Ozekhome, SAN, again filed an appeal challenging the ruling before the Supreme Court.
However, the five-man panel of Supreme Court justices have now again in a unanimous ruling, delivered on Friday, March 15, 2019, upheld the interim forfeiture order of the N2.4 billion.
It will be recalled that a five-man panel of Supreme Court justices, had on Friday, March 8, 2019 in a unanimous judgement, also dismissed Patience’s appeal against the interim forfeiture order of a Federal High Court, Lagos, for another $8.4 million traced to her by the EFCC and believed to be proceeds of illegal activities.
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