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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ALLEGED N266.5M FRAUD: COURT FIXES APRIL 25 FOR RULING ON BAIL APPLICATION OF FAKE ARMY GENERAL.(PHOTOS).#PRESS RELEASE.

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Alleged N266.5m Fraud: Court Fixes April 25 For Ruling On Bail Application of Fake Army General 

Justice O.A.Taiwo of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, April 14, 2022, adjourned till April 25, 2022 for ruling on the bail application of one Bolarinwa Abiodun, a self-acclaimed Army General, who is being prosecuted by the EFCC on a 13-count charge bordering on obtaining money by false pretence, forgery of documents and possession of documents containing false pretence to the tune of N266,500,000.

The defendant, who was arraigned on April 11, 2022, is accused of falsely representing himself to the complainant, Kodef Clearing Resources, as a General in the Nigerian Army who had been shortlisted by President Muhammadu Buhari to be appointed as the Chief of Army Staff, COAS, and that he needed a short grant to “press and process the appointment".

Abiodun, who was arrested at his house in the Alagbado area of Lagos State on Wednesday, January 12, 2022, also allegedly forged a letter of appointment as COAS purportedly signed by the President and showed the same to the victim to further prove his claim. More photos below. 

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