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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TWO EX-BANKERS CONVICTED FOR STEALING IN KANO.{PHOTO}.#PRESS RELEASE.

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Kano State High Court presided over by Justice Farouq Lawan today June 30, 2021 convicted and sentenced the duo of Jude Ameh and Ademola Aderibigbe on a one count amended charge of theft.


The convicts were said to have connived and fraudulently stole the sum of N11, 360,000 (Eleven Million Three Hundred and Sixty Thousand Naira only) from the complainant for their personal use.


Upon arraignment, both convicts had pleaded ‘not guilty’ to the 17-count charge brought against them.


Prosecution counsel Salihu Sani requested a date to proceed to trial.


However, before the commencement of trial, the convicts approached the Commission with a plea bargain proposal which was subsequently accepted by the parties.


At the resumed hearing of the matter today, the convicts changed their plea from ‘not guilty’ to ‘guilty’ to an amended one count charge.


The charge reads, ''That you Jude Ameh and Ademola Aderibigbe sometime in 2017 at Kano within the Jurisdiction of the High Court of Kano State did conspire between yourselves to commit an illegal act to wit: theft and thereby committed an offence contrary to Section 96 of the Penal Code Law and Punishable under Section 97 of the same Law".


In view of their new plea, counsel for the prosecution, Sani asked the court to convict them accordingly.


Subsequently, Justice Lawan convicted the defendants and sentenced them to two years imprisonment with option of N100, 000 (One Hundred Thousand Naira) fine.

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