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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ABEOKUTA COURT JAILS TWO FOR IMPERSONATION.{PHOTOS}.#PRESS RELEASE.

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Justice Ibrahim Watilat of the Federal High Court, Abeokuta, Ogun State, on Tuesday, January 19, 2021, convicted and sentenced two internet fraudsters, Tobiloba Stephen Shokunbi and Emmanuel Korede Oladunjoye, to six months and four months imprisonment respectively.
The duo were found guilty of amended charges of criminal impersonation separately filed against them by the Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office.
The offence runs contrary to Section 22 (2) (b) (i) of Cybercrimes (Prohibition, Prevention etc.) Act, 2015 and punishable under Section 22 (2) (b) (iv) of the same Act.
They pleaded guilty to the charges when read to them.
While delivering his judgment, Justice Watilat ordered that the convicts forfeit all the items recovered from them in the course of investigation.
He also ordered Shokunbi and Oladunjoye to restitute $1,000 (One Thousand United States Dollars), and $160 (One Hundred and Sixty US Dollars) and N200,000 (Two Hundred Thousand Naira) respectively to their victims.

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