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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N700M DIEZANI BRIBE: EFCC RE-ARRAIGNS EX-GOV. YERO,OTHERS.{PHOTO}.#PRESS RELEASE.

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The Economic and Financial Crimes Commission, EFCC, today July 13, 2021 re-arraigned a former governor of Kaduna State, Muktar Ramalan Yero before Justice M.G Umar of the Federal High Court, Kaduna on an eight count amended charge of money laundering.


Yero is being prosecuted by the EFCC alongside Nuhu Somo Wya (a former Minister), Ishaq Hamsa (former Secretary to Kaduna State Government) and Abubakar Gaiya Haruna (former Chairman of People’s Democratic Party, PDP in the state) for their alleged involvement in the sharing of Seven Hundred Million Naira (N700, 000,000.00) provided by former Minister of Petroleum Resources Diezani Alison-Madueke to influence the outcome of the 2015 presidential election.


Their re-arraignment today followed the transfer of the former trial judge, Justice Zainab B. Abubakar to another division of the Federal High Court.


When the case was mentioned, the prosecuting counsel, Nasiru Salele told the Court that the case was for re-arraignment of the defendants and urged the court to ask them to take their pleas. 


The defence counsel did not object.


The eight count charges were read to the defendants and they all pleaded ‘not guilty’. 


In view of their pleas, the prosecuting counsel asked the court to fix a date for trial. 


Bu the defence counsel drew the attention of the court to the previous bail granted the defendants, asking that the status quo be sustained which the prosecution counsel did not oppose. 


The court consequently adopted the bail earlier granted the defendants and adjourned till October 13, 2021 for commencement of trial.

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