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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ALLEGED N754.8M FRAUD: COURT ADJOURNS TILL MARCH 24 FOR ADOPTION OF FINAL WRITTEN ADDRESSES IN EX-NIMASA D-G, AKPOBOLOKEMI’S NO-CASE SUBMISSIONS. (PHOTO).#PRESS RELEASE.

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Alleged N754.8m Fraud: Court Adjourns Till March 24 for Adoption of Final Written Addresses in Ex-NIMASA D-G, Akpobolokemi’s No-case Submissions

Justice R.I.B Adebiyi of the State High Court sitting in Ikeja, Lagos, on Monday, March 6, 2023, further adjourned till March 24, 2023 for the adoption of final written addresses in relation to the no-case submissions filed by both Patrick Akpobolokemi, a former Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA, and Ezekiel Bala Agaba, who are facing trial over an alleged N754.8 million fraud.

Akpobolokemi and Agaba, who are alleged to have defrauded NIMASA, were initially charged alongside Governor Juan, Vincent Udoye, Ekene Nwakuche, Adegboyega Olopoenia and a company, Gama Marine Nigeria Ltd., before the charge was amended to involve only both of them.

At today's sitting, the prosecuting counsel, Rotimi Oyedepo, SAN, informed the court that the prosecution had done its part by responding to the final written address of the defence and that the response had been served on the defence.

"We served them on the 25th of February 2023, but they informed me that they would need time to respond," he said.

He further informed the court that both parties had also met and agreed on an adjournment.

The counsel for the first defendant, W.O. Busari, and counsel for the second defendant, E.D. Onyeke, both confirmed the position.

Consequently, Justice Adebiyi adjourned till Friday, March 24, 2023 for the adoption of final written addresses, with respect to the no-case submissions.

One more photo below. 

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