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 JAILS MAN FOR ATM FRAUD IN KADUNA.{PHOTO}.#PRESS RELEASE.

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  Justice Mohammed Tukur Muazu Aliyu of the Kaduna State High Court, on Monday, September 14, 2020 sentenced Adamu Aliyu to six months imprisonment, for fraudulently transferring N40, 000 to himself, from the account of an unsuspecting Automated Teller Machine, (ATM) user, under the false pretence of aiding the victim to effect a transfer.
The convict was prosecuted by the Economic and Financial Crimes Commission, EFCC, Kaduna zonal office on one-count charge of theft to which he pleaded guilty. His plea prompted prosecution counsel, Jamilu Musa to ask the court to convict and sentence him accordingly.
The six months prison sentence is without an option of fine. Trouble began for Aliyu when the Kaduna zonal office of the Commission received a petition from one Isiaku Abdullahi, who alleged that he went to an ATM point in Kakuri, Kaduna State on July 30, 2020, to make a transfer to his brother, where he met the convict who offered to assist him in making the transfer using his ATM card.
According to Abdullahi, he gave the convict his ATM card, revealed his password to him and gave him his brother's account number to help him make the transfer to him. Not long, he received a debit alert showing that the convict had transferred N40,000 to himself, prompting him to make his way into the banking hall to lay a complaint, where he incidentally met the convict again and raised the alarm that caused bank officials to cause his arrest and subsequent prosecution by the EFCC.
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