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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EFCC ARRAIGNS FAKE FBI DIRECTOR.(PHOTO).#PRESS RELEASE.

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EFCC Arraigns Fake FBI Director

The EFCC has arraigned a fake Director of the American Federal Bureau of Investigation, FBI,   Adamu Yahaya Jiyaba before Justice N.I. Afolabi of the Federal High Court sitting in Lafia, Nasarawa State.

He was arraigned on a one- count charge bordering on cybercrime.

The charge reads: “that you, Adamu Yayaha Jiyaba sometime in 2022 in Abuja within the jurisdiction of this Honourable Court attempted to commit an offence to wit: imputed a data that you are Robert S. Muller, the FBI Director with the intention that such inauthentic data will be considered or acted upon and you thereby committed an offence contrary to Section 13 of the Cybercrime (Provision, Prevention, etc.) Act, 2015 and punishable under the same Section of the Act." He pleaded not guilty to the charge.

Justice Afolabi adjourned the matter till October 26 and 27 2022 for commencement of trial, while Jiyaba was remanded in the Lafia Correctional Centre.

 

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