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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MAN CONVICTED FOR IMPERSONATION IN ENUGU. (PHOTO).#PRESS RELEASE.

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Man Convicted for Impersonation in Enugu

The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Command on Friday, April 14, 2023, secured the conviction of one Ugwu Onyekachi Sunday before Justice U.J Mogbo of the Enugu State High Court, Enugu on a one count charge bordering on fraudulent personation.

He was convicted and sentenced to two years imprisonment with the option of three months community service, having pleaded guilty to the one count charge proffered against him.

The court further ordered the forfeiture of his mobile phone to the state government.



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