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 BAGS SIX MONTHS JAIL TERM FOR LAND SCAM IN KANO.(PHOTO).#PRESS RELEASE.

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Man Bags Six Months Jail Term for Land Scam in Kano
 
The Kano Command of the EFCC, on February 7, 2022 secured the conviction and sentencing of one Suleiman Bello Abubakar before Justice Jamilu Shehu Suleiman of the Kano State High Court on a two count charge of cheating.
The convict was prosecuted for obtaining N1, 240,000 in a fraudulent land deal. He claimed to be the owner of two plots of Land located at Tudun Yola Quarters Kano with number 1145TP/KAS/215B and 2525CTP/KAS/215A for which the complainant paid him a cash sum of N740, 000 and N500,000 respectively.
Subsequent enquiry at the Ministry of Land and Physical Planning Kano, revealed that the said plots do not exist. 
 

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