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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N66.5M OIL FRAUD: COURT GRANTS DEFENDANT N50M BAIL.(PHOTO).#PRESS RELEASE.

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N66.5m Oil Fraud:  Court Grants Defendant N50m Bail

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja Lagos, on Thursday, October 3, 2022, granted bail to one Adeleke Fayose, who is being prosecuted for an alleged N66.5m oil fraud, in the sum of N50m.

Fayose was arraigned alongside his company, Brooks and Knight International Limited, on October 27, 2022 by the Lagos Zonal Command of the EFCC on a three-count charge bordering on obtaining money under false pretences and stealing to the tune of N66.5 million.











 

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