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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KANO LAWYER BAGS TWO YEARS IMPRISONMENT FOR FORGERY.(PHOTO).#PRESS RELEASE.

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Kano Lawyer Bags Two Years Imprisonment for Forgery

The Kano Command of the EFCC has
secured the conviction of a Kano- based lawyer, Abdullahi Mohammed Hanga before Justice Aisha Mahmud of the Kano State High Court sitting in Kano

Hanga was jailed on Friday, June 24, 2022, after being found guilty of forgery based on four-count charges bordering on uttering and forgery preferred against him by the EFCC.

At the point of arraignment, he pleaded not guilty to the four count charges, thereby setting the stage for full trial.

 

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