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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COURT SENDS EFCC BOSS BAWA TO KUJE PRISON FOR CONTEMPT. (PHOTO).

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Court sends EFCC boss Bawa to Kuje Prison for contempt 

A High Court of the Federal Capital Territory (FCT) in Maitama committed Abdulrasheed Bawa to jail for contempt of court. 

Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), was convicted for contempt of court in relation to his agency’s failure to comply with an earlier order of the court. 

Justice Chizoba Oji, in a ruling, held that "the Chairman Economic and Financial Crimes Commission is in contempt of the orders of this honourable court made on November 21st 2018 directing the Economic and Financial Crimes Commission, Abuja to return to the applicant his Range Rover (Super charge) and the sum of N40, 000,000.00 (Forty Million Naira)." 

The judge continued: "Having continued wilfully in disobedience to the order of this court, he should be committed to prison at Kuje Correctional Centre for his disobedience, and continued disobedience of the said order of court made on November 21st, 2018, until he purges himself of the contempt. 

"The Inspector General of Police shall ensure that the order of this honourable court is executed forthwith." 

Justice Orji rejected the arguments put forward by the lawyer to the EFCC, Francis Jirbo, to justify his client’s action. 

The ruling delivered on October 28 in Abuja was on a motion on notice filed by Air Vice Marshal (AVM) Rufus Adeniyi Ojuawo, a one-time Director of Operations at the Nigerian Air Force (NAF). 

Ojuawo had, in the motion filed by his lawyer, R.N. Ojabo, complained that the EFCC declined to comply with the order, for the release of his seized property, made by the court in a judgment delivered on November 21, 2018.

 

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