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

MAN JAILED 2-YEARS FOR CYBER-CRIME.{PHOTO}.#PRESS RELEASE.

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       Rapheal Onwugbolu has bagged two years jail term for internet fraud. The conviction followed his prosecution by the Economic and Financial Crimes Commission, EFCC before Justice Taiwo Taiwo of the Federal High Court, Abuja, on two counts bordering on cybercrime.
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One of the charges reads: “That you, Raphael Ifedora Onwugbolu (a.k.a Jeffrey Hanks) sometime in 2006 at Abuja, the Federal Capital Territory, FCT, within the jurisdiction of this honourable court, fraudulently impersonated one Jeffrey Hanks, an American medical doctor based in South Africa, with intent to obtain property to wit: the sum of $5,000 (Five Thousand United States Dollars) from one Maria Sandas, an American resident, and you thereby committed an offence contrary to Section 22(2)(b)(ii) of the Cyber Crimes (Prohibition Prevention, etc) Act, 2015 and punishable under the same Act.”
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He pleaded guilty to all the charges. Following his 'guilty plea', prosecuting counsel, Olanrewaju Adeola, informed the court of a plea bargain agreement entered with the defence team, and urged the court to adopt same and sentence the defendant based on the terms of the agreement.
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In his response, defence counsel, Adaji Abel pleaded with the court to temper justice with mercy, saying the defendant has become a changed person since 2006 when the offence was committed.
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Justice Taiwo adopted the terms of the plea bargain and convicted him accordingly.
In his ruling, the court held that: “I am mindful of these types of crime in our society, which is giving our country a bad image all over the world.
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“However, in view of the plea bargain agreement, the defendant is hereby sentenced to two years in prison, but with an option of fine of N1million to be paid to the account of the Federal Republic of Nigeria through the office of the EFCC.".
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