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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HOW EX-MINISTER WAKIL,OTHERS SHARED N450M,2015 ELECTION BRIBE CASH- EFCC WITNESS. (PHOTO).#PRESS RELEASE

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How Ex-Minister Wakil, Others Shared N450m 2015 Election Bribe Cash- EFCC Witness

A Federal High Court, sitting in Maiduguri, Borno State on Tuesday, March 14, 2023 heard how a former minister of power, Mohammed Wakil and others shared a sum of N450million meant to influence the outcome of the 2015 presidential election in Borno State.

The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, had on Tuesday, June 18, 2019 re-arraigned Wakil alongside Garba Abacha, Ibrahim Shehu Birma, Dr. Abubakar Ali Kullima and Engr. Muhammad Baba Kachalla.

They are alleged to have received the said sum from the $115million disbursed by a former minister of petroleum resources, Diezani Alison-Madueke to influence the outcome of the 2015 presidential election.

They pleaded “not guilty” to the charges.

At the resumed trial today, counsel for the prosecution, Mukhtar Ali Ahmed led the third prosecution witness, PW3, Dauda Umar, in evidence. He narrated how the sum of N450,000,000.00 (Four Hundred and Fifty Million Naira) was signed and collected in cash from Fidelity Bank by Wakil alongside the second defendant, Garba Abacha.

According to Umar, the money was disbursed across the country in which the sum of N450,000,000.00 was signed and collected in cash via  Fidelity Bank, Maiduguri Branch, by Wakil and Garba in order to influence the outcome of the 2015 presidential election.  

“We commenced investigation by inviting Peoples Democratic Party (PDP) officials who reported.”

Asked whether the first and second defendants were invited, the witness explained that Wakil, when invited by the EFCC, confirmed that he signed and collected in cash the said sum alongside the second defendant, for disbursement according to a template sent to him by PDP in Abuja.

Dauda told the court that the first defendant availed the EFCC with the template sent from the PDP headquarters for the disbursement of the money.

On how the money was shared, Dauda informed the court that the second defendant accompanied his principal, Wakil and witnessed the disbursement of the funds. “The third defendant was invited by Wakil and collected the sum of N120,340,000.00 on behalf of Southern Borno.

“The fourth defendant who was also invited by Wakil signed and collected the sum of N88, 620,000.00 on behalf of Northern Borno, while the fifth defendant signed and collected the sum of N140, 860,000.00 for Borno Central.

“They all signed and collected the said amounts in cash at the residence of Wakil” Dauda stated.    

 Justice J.K. Dagat adjourned till June 14, 2023 for continuation of trial.


 

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