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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MAN BAGS TWO YEARS FOR FERTILIZER FRAUD.{PHOTO}.

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      Justice Mobolaji Olajuwon of the Federal High Court sitting in Makurdi, Benue State has sentenced one Ifeanyi Uche to two years imprisonment with an option of fine of N100,000 (One Hundred Thousand Naira) for obtaining money by false pretence to the tune of N325,000.00 (Three Hundred and Twenty-five Thousand Naira).
The convict was arraigned on a one-count charge by the Economic and Financial Crimes Commission, EFCC, Makurdi Zonal office, on Wednesday, March 4, 2020.
The count reads: “That you, Ifeanyi Uche, sometime in October, 2019 in Gboko within the jurisdiction of this honourable Court with intent to defraud obtained the sum of N325,000.00 (Three Hundred and Twenty Five Thousand Naira) only from one Orbunde Nguvern Linda under pretence that she would be awarded a contract for the supply of fertilizer to Federal University of Agriculture, which you knew was false and thereby committed an offence contrary to section 1(1)(b) of Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under section 1(3) of the same Act".
He pleaded “guilty” following a plea bargain agreement with the Commission.
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