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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COURT JAILS INTERNET FRAUDSTER ONE YEAR IN LAGOS. (PHOTO).#PRESS RELEASE

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The Lagos Zonal Command of the EFCC, on Friday, January 21, 2022, secured the conviction and sentencing of one Raji Olasunkanmi to one year imprisonment for possession of fraudulent documents used to perpetrate internet fraud. He was convicted by Justice Mojisola Dada of  the Special Offences Court sitting in Ikeja, Lagos. 

Operatives of the Commission, acting on the intelligence,  had arrested him along with some other suspected internet fraudsters on August 13, 2021 around the Iju-Ishaga area of Lagos.

Following further investigation, he was brought to court and charged with one-count amended charge bordering on possession of fraudulent documents. He pleaded "guilty" to the amended charge. 


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