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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UNDERGRADUATE BAGS FOUR MONTHS JAIL TERM IN OSHOGBO. (PHOTO).#PRESS RELEASE.

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Justice Nathaniel Ayo-Emmanuel of the Federal High Court sitting in Oshogbo, Osun State, on Monday, 
January 31, 2021, convicted and sentenced one Olasupo Temitayo Ayomide to four months imprisonment for fraudulent impersonation.

The 21-year-old defendant, who claims to be an undergraduate studying accounting was arraigned on one count charge by the Ibadan Zonal Command of the EFCC.

The defendant had sometime in October 2021 impersonated the identity of Clifford Smith with the intent to defraud one Greshen in contravention of Section 22(2)(b)(i) and (ii) of the Cybercrimes ( Prohibition, Prevention, Etc) Act 2015 and punishable under same Act. 

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