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

MAPOLY STUDENT BAGS SEVEN MONTHS JAIL TERM FOR IMPERSONATION.(PHOTO).#PRESS RELEASE.


MAPOLY Student Bags Seven Months Jail Term for Impersonation

The Ibadan Zonal Command of the EFCC, on Tuesday, February 8, 2022, secured the conviction and sentencing of a 24-year-old student of Computer Science at Moshood Abiola Polytechnic, MAPOLY, Abeokuta, Ogun State, Adebowale Babatunde Ismail, to seven months imprisonment before Justice Uche Agomoh of the Federal High Court, Ibadan, Oyo State for the offence of criminal impersonation.

The offence is contrary to Section 22 (2) (b) (ii) of Cybercrimes (Prohibition, Prevention etc.) Act, 2015, and punishable under Section 22 (2) (b) of the same Act.

The defendant fraudulently represented himself as Annabel Torrens to one John Dauherty through an email address: dsprinklse@gmail.com in order to take advantage of his victim. Upon his arraignment, he pleaded ‘guilty’ to the one count charge. 

 

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