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 FORMER NSITF GM, ONE OTHER, FOR N60M FRAUD. (PHOTOS).#PRESS RELEASE.

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EFCC Arraigns Former NSITF GM, One Other, For N60m Fraud


The EFCC has arraigned a former General Manager and Head of Legal Services of the Nigeria Social Insurance Trust Fund, NSITF, Sir Adebayo Adebowale Aderibigbe and one Ogundele Mura Yisa-Yemi, Principal Partners at M.Y. Ogundele & Co Legal Practitioners, before Justice O.A Musa of the Federal Capital Territory, FCT, High Court, Jabi, Abuja.


Aderibigbe and Yisa-Yemi were arraigned on three-count charges bordering on conspiracy and obtaining the sum N60, 400, 00 (Sixty Million our Four Hundred Thousand Naira) by false pretence. 


Yisa-Yemi, between 2014 and 2016 did corruptly gave the aggregate sum of N60,400,000 (Sixty Million, Four Hundred Thousand Naira) to one Sir Adebayo Adebowale Aderibigbe on account of a contract awarded to him as consultant for processing and regularizing of Title Deeds and Survey Plans for the property of the fund at Era Village Oto-Awori Ijanikin, Badagry Expressway, Lagos.


On the other hand, Sir Aderibigbe, whilst being a public officer as GM/Head Legal Services of Nigeria Social Insurance Trust Fund, between 2014 and 2016 did corruptly received the aggregate sum of N60,400,000 (Sixty Million, Four Hundred Thousand Naira only)  from Yisa-Yemi, in relation to a contract awarded to him as consultant for processing and regularizing of the Deeds and Survey Plans for the property of the fund at Era Village, Oto-Awori, Ijanikin, Badagry Expressway, Lagos.

More photos below. 



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