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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COURT CONVICTS ONE FOR INTERNET FRAUD IN KADUNA. (PHOTO).#PRESS RELEASE.

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Court Convicts One for Internet Fraud in Kaduna

The Kaduna Zonal Command has secured the conviction of one Triumph Abdul Yakubu before Justice Darius Khobo of the Kaduna state High Court on a one count charge bordering on internet fraud. 

The defendant pleaded guilty to the charge. In view of his plea, the prosecution counsel, E.K Garba urged the court to convict him accordingly.

Justice Khobo convicted and sentenced the defendant to two years imprisonment with an option of fine of N 150,000 (One Hundred and Fifty Thousand Naira).

He is also to forfeit the sum of $400USD and his Apple iPhone Pro Max with Model No. GONPFD45D3Y which was used in committing the offence to the Federal Government of Nigeria.

His journey to jail commenced when he was arrested at Rosalux Hotel based on intelligence on his alleged criminal pursuits.



 

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