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 ONE YEAR FOR $5,000 FRAUD.{PHOTO}.

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     Justice Oluwatoyin Taiwo of the Special Offence court sitting in Ikeja, Lagos has sentenced one Abdulrauf Alade Owolabi to one year imprisonment, with an option of N250,000 (Two Hundred and Fifty Thousand Naira), for being in possession of false documents and obtaining money by false pretence to the tune of $5,000 (Five Thousand US Dollars).
The convict was arraigned on a two-count charge by the Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Thursday, February 6, 2020, following his arrest in connection to a case reported against him during an operation tagged “Operation Rewired” between the Commission and the Federal Bureau of Investigations, FBI.
One of the counts reads: “ That you, Abdulrauf Alade Owolabi, sometime in 2018 in Lagos, within the jurisdiction of the court, and with intent to defraud, represented yourself as Courtney Lopez and defrauded one John Howard, an American Citizen, an aggregate sum of $5,000. 00(Five Thousand US Dollars) under the pretext that you are in love with him and made a promise of marriage, a representation you knew to be fraud and committed an offence contrary to Sections 1 (3) of the Advance Fee Fraud and other Fraud Related Offences Act No: 14 of 2006.”
He pleaded guilty to the charge when it was read to him.
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