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 FIVE INTERNET FRAUDSTERS IN ABEOKUTA.{PHOTOS}.#PRESS RELEASE.

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The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, on Thursday, October 8, 2020, secured the conviction of five internet fraudsters in Abeokuta, the Ogun State capital.
The convicts are, Babalola Kehinde Omogbolohan; Adekoya Abayomi Peter; Stephen Ogbebor Damilare; Opeogun Temitope Felix and Sodiq Sanni (a.k.a Alan Anderson).
Having pleaded guilty to amended one-count charge of fraudulent impersonation, Justice Ibrahim Watilat of the Federal High Court, Abeokuta Division convicted and sentenced Omogbolohan, Damilare and Felix to five months in prison each, while Peter bagged four months for the crime.
Omogbolohan and Peter were given N100,000 option of fine each, while Felix and Damilare were handed N400,000 and N300,000 option of fine respectively.
Sanni (a.k.a Alan Anderson) was prosecuted before Justice Muhammed Abubakar of the Federal High Court of the same Abeokuta Judicial Division on amended one-count charge of fraudulent impersonation and having pleaded guilty, was sentenced to eight months imprisonment without an option of fine. All the convicts are to restitute their victims the sums of money they fraudulently obtained from them and forfeit all the items recovered from them to the federal government.

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