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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EX-IMO COMMISSIONER JAILED THREE YEARS FOR DIVERSION OF N180M.(PHOTO).#PRESS RELEASE.

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Ex-Imo Commissioner Jailed Three Years for Diversion of N180m
Justice K. A Lewanya of the Imo State High Court, Owerri, Imo State, on Tuesday March 14, 2022 convicted and sentenced one Prince Laseberry Okafor Anyanwu, aka Laseberry Okafor, a former commissioner of Transport in the Rochas Okorocha administration of Imo State, to 3 years imprisonment on a four count charge that bordered on abuse of office and fraudulent diversion of N180, 000,000 (One Hundred and Eighty Million Naira only).
He diverted the said sum from the account of the Imo Transport Company to Oma Oil & Industries Ltd, a company in which he has interest through phony contracts.
The defendant had pleaded not guilty to the four counts, setting the stage for the matter to proceed to trial. In the course of trial, the prosecution called three witnesses and tendered several documents which were admitted in evidence as Exhibits.
At the close of the prosecution’s case, the defendant opened his defence and testified for himself.
Delivering judgment on March 14, 2023, Justice Lewanya held that the prosecution had proved the case against the defendant, convicted and sentenced him to one year imprisonment each on counts 2, 3, and 4 without option of fine. The sentence shall run concurrently. The Judge, however, discharged and acquitted him on count one.
The Judge further ordered that the One Hundred and Eighty Million Naira (N180,000,000) in the accounts of the defendant, already the subject of an interim forfeiture order, be forfeited to  the Imo State Government.


 

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