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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MAN ARRAIGNED FOR N4.2M SCAM IN KADUNA.{PHOTOS}.#PRESS RELEASE.

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The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC has arraigned one Ejike Chinedu Euneoha before Justice Hannatu A.L Balogun on one count charge bordering on obtaining money by false pretence. 


 


Ejike's trouble started when one Utazi Romanus Ejiofor petitioned the Command, alleging that sometime in 2014, he informed the defendant of his intention to start importing goods and requested if he could link him up with a contact in China. Ejike offered to link him with an in-law residing in China and even called the said in-law who spoke with the petitioner on phone. 


 


After the conversation, the petitioner paid the so-called China-based contact N4, 278,500.00 (Four Million Two Hundred and Seventy Eight Thousand, Five Hundred Naira) through Ejike for the supply of tiles and other building materials.. The petitioner further alleged that the defendant also collected 10 bundles of zinc valued at N105, 000, 00 in lieu of money and a further N350, 000 to buy a Golf Car, which he also converted to his personal use.


 All efforts to receive the goods or be refunded proved abortive.


 


The one count charge reads, “That you, Ejike Chinedu Euneoha, (M) sometimes in 2014 in Kaduna within the Kaduna Judicial Division of the High Court being entrusted with property to wit; the sum of N4,278,500.00(Four Million Two Hundred and Seventy Eight Thousand,  Five Hundred Naira) only by one Utazi Romanus Ejiofor for the purchase of tiles and other building materials, did dishonestly convert to your own use the said money in violation of legal contract which you made in regard to the said sum and you thereby committed an offence contrary to Section 311 of the Penal Code law of Kaduna state and Punishable Section 312 of the same Law.


 


He pleaded ‘not guilty’ to the charge when it was read to him.


 


Prosecution counsel, Precious C. Onyeneho, urged the court to fix a date for commencement of hearing. But the defence counsel, Charles Ojijieme prayed the Court to grant his client bail.


 


 Justice  Balogun granted bail to the defendant in the sum of N2.5m and two sureties  in like sum. One of the sureties must be a Grade Level 10 officer in the civil service.


The case was adjourned till 29th September, 2021.

One more photo below.

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