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 CONVICTS GOMBE SEMA BOSS,ONE OTHER FOR STEALING IDP BUILDING MATERIALS.{PHOTO}.

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    The Economic and Financial Crimes Commission, EFCC Gombe zonal office on March 13, 2020 secured the conviction of Dr. Dallami Arab Rukuje and Isa Garba before Justice Abubakar Jauro of the Gombe State High Court on a three-count charge bordering on conspiracy, criminal misappropriation, aiding and abetting.
Rukuje, the Executive Secretary of the Gombe State Emergency Management Agency, GOSEMA, was accused of conspiring with Garba, the Store Officer to cart away some building materials meant to alleviate the sufferings of Internally Displaced Persons, IDPs in the state. The materials were provided by the Presidential Committee for the North-East Initiatives.
Rather than utilize the materials for the IDPs, they conspired to sell 5,000 bags of cement, and 4,000 drums of 20litre paint, and used the proceeds for their personal benefit.
They pleaded “not guilty” when they were arraigned in February 2018.
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