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

PAN-TAKA: ABUJA'S NOTORIOUS FLEA MARKET.(PHOTO)..



PAN-TAKA: ABUJA'S NOTORIOUS FLEA MARKET



Residents whose apartments, warehouses and shops are looted by armed robbers are advised to head to the nearest Pantaka, after lodging formal reports at the police station, to see if their wares are among those displayed for sale or tucked away discreetly for “special customers” on request.

This unorthodox approach to crime bursting has paid off in several instances where stolen items were recovered from various Pantaka outlets.

Crime experts and social commentators attribute the troubling development to increasing levels of hardship in the country. This perhaps, finds expression in surging inflation, hike in prices of electrical appliances and general household equipment.

Gadgets targeted by these thieves include television sets, refrigerators, DVD players, washing machines and gas cookers. Owners of these items acquire them brand new, foreign used (tokunbo) or Nigeria used.

But the thieves, who often steal these goods in massive midnight raids, sell them for next to nothing just to get quick cash to wine and wench briefly and thereafter, return to their horrible street life.

Daily Sun’s findings show that there has been a significant increase in burglary cases in Abuja, especially in suburban areas and slums where security is weak. This is because the flea markets have become conductive ecosystems where sellers and buyers of stolen goods meet to transact businesses in minutes. The items are sold at give away prices.

Robbery cases, it was gathered, are equally on the rise especially with the Yuletide festivities on the horizon. Robbers storm homes in their dozens and take their time to dismount and steal plasma TVs, decoders, washing machines and other appliances that are easily moveable.

Mrs Grace Onyebuchi, a hairdresser, narrated how her friend’s house in Karonmajigi, sprawling shanty along the Airport Road, was burgled: “My friend came back home one day from work to meet an empty room. The house was swept clean of every single item he owned.

“His refrigerator, generator, bed, fan, television, decoder including wardrobe and mattress were all missing. He could not believe his eyes.

He called me and I advised him to immediately storm all the “pantaka” stores around. It was quite late and they had all closed for the day.

“The next day, he went by 7am and at one of the stores, he found most of his things. Although some of them were missing, he was able to recover some as he quickly got the police involved and provided evidence that the property were his. The owner of the shop was arrested and he claimed to have bought the items from another person.

He was asked to provide the person that sold the items to him.

“After several days in detention and he could not provide the person, he was eventually released. You know how the country is. My friend said he didn’t have the time and resources to push the case. He was at least grateful to recover most of the stolen items.

“Since then, I have become very weary of buying things from “pantaka” shops. I don’t want to buy something that tomorrow, someone will come and arrest me saying I bought stolen goods.”

Another resident, Emmanuel Auta, a painter, said his house and several others were recently attacked by robbers and made away with a lot of valuables: “We later decided to track the phones and were able to trace one of them to Jabi Garage.

“We got the police involved and the person using the phone arrested.

He claimed he bought the phone from someone at the garage, but didn’t not know who the person was. He was detained but was never able to get hold of the person that sold the phone to him.”

Samson John, a manicurist narrated his experience: “When I came to Abuja, I lived under the bridge for several months before I got a place and furnished it. The place is around Lugbe axis. I got back home one day and found the house empty. It had been burgled. My padlock was melted using something that looked like acid.

“I asked neighbours and they said they saw someone moving my things in a truck and thought I was moving out. I reported to the police. They asked if there was anybody I was suspecting. Since my neighbours could not recognise the person they saw moving my things, there was no way to apprehend the perpetrators.

“I won’t be surprised if the stolen items are taken to those “pantaka” stores and sold. I am sure they sell them off at half the prices since they were not the ones that went through the pains of acquiring them.”

A legal practitioner, Ade martins, explained: “The Criminal and Penal Codes of Nigeria provides that, anyone who receives something that has been obtained through a felony, misdemeanour, or through an act that was committed outside of Nigeria but would have been a felony or misdemeanour if it had been committed there and is against the law where it was committed, knowing that it was obtained in this manner, is guilty of a felony.

“Where a person receives a stolen property, not being aware of the dubious nature of the possessor’s title and as long as this unawareness continues, and he did not deal with the property in manner suggesting that he wanted to deprive the real owner of his ownership, he is not guilty of an offense.

“Although, the law presumes that once he realised the item was stolen, he should either take prompt action to find the rightful owner and return the item to him, or hand it over to the police. However, if someone continues to hold onto such property after becoming aware of it, he is no longer regarded as innocent. Consequently, he commits the crime of accepting or holding onto stolen property.

“Buyers should always demand receipts for goods whether they are new or pre-used to avoid unnecessary litigation and embarrassment that could arise from ignorantly purchasing stolen items.”

Police told Daily Sun that regular raids are carried out on flea markets and other spots known for crime. They also advised residents to be careful in purchasing used items, as some of them can be stolen goods:

“Stolen goods are like hot potatoes. Whoever is caught with must eat it. Ignorance is no excuse. Get receipts of purchase showing seller’s authentic address and phone number.

“In addition, buy items with the user’s manual intact. And of course, residents should report burglary or robbery to the nearest police station.”

From Adanna Nnamani, Abuja


 

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