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

YAHOO BOY BAGS THREE MONTHS OF TRAFFIC CONTROL IN ILORIN.[PHOTO}.#PRESS RELEASE.

 

     The Ilorin Zonal Office of the Economic and Financial Crimes Commission ( EFCC) on Thursday, August 13, 2020, secured the conviction of one Kolade Emmanuel Balogun for internet fraud.

Balogun was convicted by Justice Sikiru Oyinloye of the Kwara State High Court, Ilorin on one count charge of criminal impersonation brought against him by the Commission.

The charge read: "That you, Kolade Balogun (a.k.a Willam Davis, alias Behemooth) sometime in March, 2020 or thereabout at Ilorin, Kwara State, within the jurisdiction of this honourable court, attempted to commit an offence of cheating by impersonation by pretending and representing yourself to be a white man, called Willam Davis, alias Behemooth to unsuspected white woman on dating site called, Seeking Arrangement as it is contained in your gmail account: Willamdavis@gmail.com and thereby committed an offence contrary to and punishable under Section 95 of the Penal Code Law of Northern Nigeria."

He pleaded guilty to the charge, upon which

prosecuting counsel, Aliyu Adebayo asked the court to convict him, while defence counsel, Rotimi Oyagbola urged the court to temper justice with mercy, arguing that his client was a first time offender.

Justice Oyinloye in his judgement noted that the prosecution proved its case beyond reasonable doubt, considering the unchallenged and uncontroverted testimonies of a prosecution witness.

He sentenced the convict to three months traffic control at the junction behind the Kwara State Ministry of Physical Planning, commencing from August 17 and lasting till October 17, 2020 or pay a fine of N50,000 (Fifty Thousand Naira). He also forfeited his phones and laptops to the federal government.

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