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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EFCC ARRAIGNS CAR DEALER FOR N2M FRAUD IN GOME.(PHOTO).#PRESS RELEASE.

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EFCC Arraigns Car Dealer for N2m Fraud in Gombe


The Gombe Zonal Command of the EFCC, on Wednesday, January 19, 2022 arraigned a Car dealer, Ahmadu Dauda Jadda, before Justice J.A. Awak of Gombe State High Court on a one count charge of stealing to the tune of N2,000,000.00 ( Two Million Naira) only.


Jadda, who deals in used vehicles, was alleged to have approached the complainant to purchase a Volkswagen Sharon bus at N2, 000,000. He offered to pay N1.200, 000 in two weeks and the balance in four equal installments.


After taking possession of the vehicle, the defendant only paid N500, 000. And, all efforts by the complainant to recover the balance or his vehicle, failed.


Investigation by EFCC revealed that the defendant upon taking possession of the vehicle, promptly sold it and diverted the proceed for personal use.
 

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