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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TWO BAG 6-YEARS EACH FOR STEALING IN GOMBE.{PHOTO}.

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     The Economic and Financial Crimes Commission (EFCC) Gombe Zonal Office ON Monday, March 4, 2019 secured the conviction of Yusuf Usman and Sani Ahmed before Justice Abubakar Jauro of the Gombe State High Court on a two-count charge bordering on conspiracy and stealing.
They were arraigned on February 27, 2019 and pleaded "guilty" to the charges.
The trial judge, thereafter, fixed March 4, 2019 for conviction and sentencing.
Count two of the charge reads: "That you, Yusuf Usman and Sani Ahmed at Gombe, in the Gombe Judicial Division of the High Court of Gombe State, with intent did dishonestly commit theft to with fraudulently convert the sum of $44,700 (Forty Four Thousand Seven Hundred Dollars) from one Abdullahi Nabunkari by falsely claiming the said sum was meant for the facilitation of a construction contract award by the Gombe State Government to your own use and thereby committed an offence contrary to and Punishable under Section 286 and 287 of the Penal Code Law, Laws of Northern Nigeria."
Justice Jauro convicted them and sentenced them to three years in prison on each count to run consecutively.
The court further ordered on application of prosecution counsel I. O. Akande that restitution be made to the nominal complainant within six months of the judgement to be effected by the EFCC for the whole amount.
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