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

TWO JAILED SIX MONTHS FOR FALSE INFORMATION.[PHOTO].#PRESS RELEASE.

 

The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, today, July 30, 2021 secured the conviction of the duo of Tijjani Haruna and Abdullahi Ahmed to six months imprisonment before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on separate  one-count amended charge of giving false information to operatives of the Commission.

 

The offence is contrary to and punishable under Sections 139 and 139 (a) of the Penal Code Laws of Borno State.

 

One of the charge reads: "That you, Tijjani Haruna, sometimes in September 2018 at Maiduguri, Borno State within the jurisdiction of this Honourable Court, being legally bound to furnish true information on your  POS. transactions, to the Economic and Financial Crimes (EFCC) Operatives during the course of investigation furnished the Commission with information which you knew or has reason to believe to be false and thereby committed an offence contrary to and punishable under Sections 139 and 139 (a) respectively of the Penal Code Laws of Borno State."

 

The other charge reads: "That you, Abdullahi Ahmed, sometimes in November 2019 at Maiduguri, Borno State within the jurisdiction of this Honourable Court, being legally bound to furnish true information on your POS transactions to the Economic and Financial Crimes (EFCC) Operatives during the course of investigation furnished the Commission with such information which you knew or has reason to believe to be false and thereby committed an offence contrary to and Punishable under Sections 139 and 139 (a) respectively of the Penal Code Laws of Borno State."

 

They "pleaded guilty" to the charges preferred against them by the EFCC.

 

Upon their plea, prosecution counsel, Mukhtar Ali Ahmed reviewed the facts of the case and urged the court to convict and sentence the duo as charged.

 

Justice Kumaliya convicted and sentenced the defendants to six months imprisonment each with an option of N20, 000.00 (Twenty Thousand Naira) fine.

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