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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ALLEGED N1.4BN FRAUD: COURT ADJOURNS NBA PRESIDENT,PAUL USORO'S TRIAL TO MARCH 23.{PHOTO}.

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     Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos, has adjourned until March 23, 2020 further hearing in the alleged N1.4bn fraud trial involving the President of the Nigerian Bar Association, Paul Usoro, SAN.
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The Economic and Financial Crimes Commission, EFCC first arraigned Usoro before Justice Muslim Hassan of the same court on December 18, 2018.
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He was later re-arraigned on March 1, 2019 before Justice Aikawa on a 10-count charge.
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