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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MAN BAGS TWO YEARS JAIL TERM,N300K FINE FOR LAND FRAUD IN BORNO STATE.{PHOTO}.

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     The Economic and Financial Crimes Commission, EFCC, Maiduguri Zonal Office on Monday, September 9, 2019 secured the conviction of one Alhaji Mustapha Mohammed.
He bagged two years with an additional N300,000 fine from Justice Fadawu Umar of the Borno State High Court, Maiduguri on a one-count amended charge, bordering on obtaining by false pretence.
Trouble began for the convict when the Commission received a petition from the duo of Yerima Mukhtar and Abbas Sadiq Hassan, accusing him of issuing a fake grant offer to them for a plot of land they bought from him in Maiduguri.
Prosecution counsel, Benjamin Manji, led Dauda Umar, an EFCC detective in evidence, who narrated how the plot of land was sold to the complainants with a fake grant offer.
The charge reads: “That you, Alhaji Mustapha Mohammed on or about the 12th day of December, 2015 at Maiduguri, within the jurisdiction of this honourable court with intent to defraud, induced Yerima Mukhtar and Abbas Sadiq Hassan to part with the sum of N690,000.00 (Six Hundred and Ninety Thousand Naira) under the pretence of selling to them a plot of land with grant No. 68 on BOT/159 situated at Polo, Maiduguri, which you knew to be false and thereby committed an offence contrary to Section 320 and Punishable under Section 322 of the Penal Code Law Cap.102, Laws of Borno State.”
He pleaded guilty to the charge, following which Justice Fadawu convicted and sentenced him to two years in prison with additional fine of N300,000. In default of payment of the fine, the convict will spend additional one year in prison.
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