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 $368,698 FRAUD: ABSENCE OF DEFENCE COUNSEL STALLS TRAIL OF AMERICAN BUSINESSMAN,MARCO RAMIREZ IN LAGOS. (PHOTO).#PRESS RELEASE.

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Alleged $368,698 Fraud: Absence of Defence Counsel Stalls Trial of American Businessman, Marco Ramirez in Lagos

The trial of one Marco Antonio Ramirez, an American businessman,  for an alleged $368,698.24 fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos could not continue today, April 26, 2023,  due to the absence of the defence counsel, Lawal Pedro, SAN.

The Economic and Financial Crimes Commission, EFCC is prosecuting Ramirez on an amended nine-count charge alongside his companies: USA NOW LLC, Eagle Ford Instalodge Group LP, and USA NOW Energy Capital Group LP.

He pleaded "not guilty" to all the charges. 

At today's proceedings, counsel for the EFCC, S.O. Daji, informed the court that he got in touch with the lead prosecuting counsel, Lawal Pedro, SAN, yesterday. 

"I spoke with the learned silk yesterday, and he informed me that he would be in court," he said.

He further told the court that a lawyer from Pedro’s Chambers, Theo Sunday, later got in touch with him, saying he was on his way to the court to represent the defendant when his car developed a fault and that he was trying to get it fixed.

However, despite the fact that the case was stood down, the defence counsel did not show up in court. 

"Since it is for defence, we shall be obliging them an adjournment," Daji said.

Subsequently, the matter was adjourned till Tuesday, June 27, 2023 “for continuation of defence."

Meanwhile, Justice Dada also adjourned a separate amended 16-count charge against Ramirez and his companies till June 27, 2023.

The prosecuting counsel, M.S. Owede, informed the court that he got information that Pedro "went for a tribunal matter."



 

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