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 JAILS FRAUDSTER SEVEN YEARS WITHOUT OPTION OF FINE IN IBADAN.{PHOTO}.

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     Justice Mohammed Owolabi of the Oyo State High Court on Friday, January 10, 2020 sentenced Joseph Adebayo to seven years in prison without option of fine for defrauding one Ikemefune Sunny of N700,000 (Seven Hundred Thousand Naira).
The convict was prosecuted by the Ibadan Zonal Office of the EFCC on a one-count charge of obtaining money by false pretence.

Adebayo started his journey to prison following a petition submitted to the Ibadan Zonal Office of the EFCC in which the petitioner alleged that sometime in October, 2017 he purchased a plot of land, which hosted an uncompleted building, located at the back of Christ High School, Odo-Ona Elewe area, Oluyole, Ibadan from the convict at the cost of N700, 000.00 (Seven Hundred Thousand Naira).
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