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 SENTENCES TWO BROTHERS TO ONE YEAR IMPRISONMENT FOR FRAUD.{PHOTOS}.

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    The EFCC, Benin Zonal office, on Thursday November 21, 2019 secured the convictions of two brothers, Wisdom Onojiolou and Omorodion Onojiolou before Justice M.G Umar of the Federal High Court sitting in Benin, Edo State on a two count charge of intent to defraud and obtaining under false pretense. The duo were said to have fraudulently obtained the sum of N15, 400, 000. (Fifteen Million, Four Hundred Thousand Naira) from one Philian Uwadiae under the pretense that the money was to establish a business for her in Benin.More photos below.
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