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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BUREAU DE CHANGE OPERATOR DOCKED FOR N43.3M FRAUD IN MAIDUGURI.{PHOTO}.#PRESS RELEASE.

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The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 7, 2021 arraigned one Bukar Mohammed before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on a one-count charge of obtaining by false pretence to the tune of N43, 328, 000.00 (Forty-Three Million, Three Hundred and Twenty Eight Thousand Naira).


The defendant allegedly converted the money entrusted in his custody for safe keeping to his own personal use.


The charge reads: ‘‘That you, Bukar Mohammed sometime in 2018 at Maiduguri, Borno State within the  jurisdiction of this Honourable Court fraudulently induced one Alhaji Ali Mohammed to deliver to you monies in Euros and Naira to the equivalent sum of Forty Three Million, Three Hundred and Twenty Eight Thousand Naira (N43, 328, 000.00) only, under the false pretence of collecting same for safe keeping which you knew to be false and thereby committed an offence contrary to and punishable under Section 1(1)(b) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.’’


The defendant pleaded ‘not guilty’ to the charge.


Prosecution counsel, Fatsuma Muhammed asked the court to remand the defendant in prison custody and fix a date for trial to commence.


Justice Kumaliya adjourned the matter till September 14, 2021 for commencement of trial and ordered the defendant remanded in the correctional facility.

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