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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EX-KWARA LAWMAKER ARRAIGNED YESTERDAY FOR ALLEGED LAND FRAUD.{PHOTOS}.

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      The Economic and Financial Crimes Commission and Financial Crimes Commission, EFCC, Ilorin Zonal Office on August 1, 2019 arraigned an immediate past member of the Kwara State House of Assembly, Hon. Muhammed Adebayo before Justice Sikiru Oyinloye of the Kwara State High Court, on a six-count charge bordering on land fraud.
Count two of the charges reads: “That you, Mohammed Adebayo, sometimes in July 2013 in Ilorin within the jurisdiction of this Honourable Court with intent to defraud, obtained the sum of N950,000 (Nine Hundred and Fifty Thousand Naira) only from one Mary Omowunmi Kolade on the false pretence that three plots of land (situated at Molete, Moro Local Government Area of Kwara State) which you sold to her belonged to you, a representation you knew to be false punishable under section 1 of the Advance Fee Fraud and other Fraud Related Offences.”
He pleaded “not guilty” to the charges.
Counsel for the EFCC, S.T. Ola thereafter, urged to court to fix a date for the commencement of trial.
Defence counsel, M.D. Yusuf, however, moved the bail application of his client.
Justice Oyinlola granted the defendant bail in the sum of N1million with two sureties in like sum.
The case has been adjourned to September 24, 2019 for commencement of trial.One more photo below.
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