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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COURT FIXES NOVEMBER 26 FOR ADOPTION OF FINAL ADDRESSES IN METUH'S TRIAL.{PHOTO}.#PRESS RELEASE.

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     Justice Okon Abang of the Federal High Court, Abuja on Tuesday, October 8, 2019, fixed November 26, 2019 for the adoption of final written addresses in the trial of former National Publicity Secretary of the Peoples Democratic Party (PDP), Mr Olisa Metuh.
“The first and second defendants shall file and serve their final written addresses within 21 days and upon service, the prosecution shall within 21 days thereafter file and serve it's written address," the judge stated.
Justice Abang further pronounced that upon service by prosecution, the defence shall be at liberty to file reply on points of law.
The Economic and Financial Crimes Commission, EFCC, is prosecuting Metuh alongside his company Destra Investment Limited on seven-count charges, bordering on money laundering to the tune of N400million, which he received from the Office of the National Security Adviser, under Colonel Sambo Dasuki (rtd) in 2014, in the lead up to the 2015 general elections.
The offence breaches Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15(3) of the same Act.”
Metuh, however,argues that the sum was for a special national assignment as directed by the then President Goodluck Jonathan.
In the course of the trial, the prosecution team called eight witnesses while the defence called 15, inclusive of Metuh. The defence team of his company, Destra Investment Limited called one.
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