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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THREE SURETIES ARRAIGNED FOR PERVERSION OF JUSTICE IN BENIN.{PHOTO}.#PRESS RELEASE.

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Three Sureties Arraigned for Perversion of Justice in Benin


For attempting to use forged documents to induce operatives of the Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, to release suspects on bail, the trio of Ughuoshe Adolphus, Ojeifo Godfrey and Lewis Ogenkhewe were today July 22, 2021 arraigned on a three count charge of conspiring to pervert the course of justice before Justice (Professor) C. A. Obiozor of the Federal High Court sitting in Benin City, Edo State.

One of the counts reads: "That you Ughuoshe Adolphus (m),  Ojeifo Godfrey (m) and Lewis Ogenkhewe (m) on or about the 15th day of September, 2020 in Benin City,  Edo State within the jurisdiction of the Federal High Court did fraudulently utter a false document captioned "confirmation of Mr. Godfrey Ojeifo"  with intent that the officers of EFCC may in the belief that it is genuine be induced to release Albert Taidos on administrative bail and thereby committed an offence contrary to Section 468 of the Criminal Code Act CAP C39 LFN 2004 and punishable under Section 467 of the same Law."


The defendants pleaded not guilty to the charge when it was read to them.

In view of their pleas, the prosecution counsel, M. I, Elody prayed the court to fix a date for trial and to remand the defendants in custody.


Justice (Professor) Obiozor ordered that the defendants be remanded in EFCC custody to undergo a Covid 19 test before being transferred to the Correctional Service pending the determination of their bail application.

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