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

EFCC DOCKS EX-LEGISLATIVE AIDE FOR N6.5M FRAUD THREE OTHERS CONVICTED OF CYBERCRIME IN KWARA.(PHOTO).#PRESS RELEASE.


EFCC Docks Ex-Legislative Aide for N6.5m Fraud, Three Others Convicted of Cybercrime in Kwara

The Ilorin Zonal Command of the EFCC, on Wednesday, April 6, 2022 arraigned one Segun Emmanuel Oni, a Personal Assistant to former Senator representing Kwara South Senatorial Constituency, Senator Simeon Ajibola, for criminal breach of trust and fraud to the tune of N6.5million.

Oni, 42, from Isapa in Ekiti Local Government Area of Kwara State was arraigned before Justice Sikiru Oyinloye of the Kwara State High Court sitting in Ilorin on a two-count charge contrary to Section 311 of the Penal Code Law and punishable under Section 312 of the same Penal Code.

Oni was allegedly entrusted with two Toyota Siena mini bus and one Toyota Rav4 by one Mr. Samson Adewoye, which he sold and converted the proceeds to personal use.

The defendant pleaded not guilty when the charge was read to him. 
 

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