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 ORDERS FINAL FORFEITURE OF N500M LINKED TO EX-BAUCHI SSG. (PHOTOS).#PRESS RELEASE.

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Court Orders Final Forfeiture of N500m Linked To Ex-Bauchi SSG

Justice Zainab Abubakar of a Federal High Court sitting in Abuja on Tuesday, February 22, 2022, granted the application of the Economic and Financial Crimes Commission, EFCC, for the final forfeiture of $899,600 (N500m) linked to a former Secretary to the Bauchi State Government (SSG), Ibrahim Ahmed Dandija. 
Justice Zainab in her ruling today, held that the prosecution had placed sufficient evidence before the court that the said money was proceeds of crime and should be forfeited to the Federal Government of Nigeria as demanded by the Money Laundering Prohibition Act of 2011 as amended in 2012. 
Justice Folashade Giwa Ogunbanjo of the Federal High Court, Abuja had on December 4, 2019, ordered the interim forfeiture of the said sum after EFCC through her counsel, Ekele Iheanacho filed an ex parte application for its seizure, upon recovery from an apartment at Sigma Apartment, 1 Embu Street, off Aminu Kano Crescent, Wuse 2, Abuja, being suspected proceeds of illegal activities. One more photo below. 

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