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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YOU ARE NOT ENTITLED TO BAIL,COURT TELLS HERBALIST WHO IS STANDING TRIAL FOR N30M FRAUD.{PHOTO}.

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      Justice Mahmood Abdulgafar of a Kwara State High Court sitting in Ilorin on Monday, July 1, 2019 turned down a bail application filed by a self acclaimed harbalist, Jamiu Isiaka who is standing trial over alleged thirty million naira fraud.
The Economic and Financial Crimes Commission, EFCC, had on June 11, 2019, arraigned Isiaka on a four count charge of fraud, conspiracy and impersonating some senior government officials including the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, Senior Special Adviser on Media and Publicity to the President, Mr Femi Adeshina, a national commissioner of the Independent National Electoral Commission, INEC, Amina Zakari among others.
He pleaded not guilty to all the four count charges.
Ruling on the bail application on Monday, Justice Abdulgafar said the accused person have failed to show sufficient evidence of why the court should use its discretion in admitting him on bail.
"The Applicant (Defendant) did not furnish this honourable court with material evidence as to why the court's discretion should be exercised in his favour and accordingly denied bail".
The Judge however ordered for accelerated hearing of the case and adjourned till 9th of July, 2019 for further hearing.
The accused person is to remain in Mandala prison pending the hearing and determination of the matter.
The herbalist reportedly sent several documents, which he claimed emanated from the NNPC and had the names of some top government functionaries like, the GMD of NNPC, Dr. Maikanti Baru, Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, National Commissioner with the Independent National Electoral Commission, Mrs. Amina Zakari, among others in order to defraud a Korean National.
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