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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HAIR STYLIST BAGS TWO YEARS IMPRISONMENT FOR INTERNET FRAUD IN BENIN.(PHOTO).#PRESS RELEASE

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Hair Stylist Bags Two Years Imprisonment for Internet Fraud in Benin

Justice Efe Ikponmwonba of the Edo State High Court sitting in Benin City on Tuesday, June 27, 2023 convicted and sentenced Idoko Innocent, a hair stylist, to two years imprisonment for internet fraud.

The convict journey to prison began following his arrest by operatives of the the Benin Zonal Command of the Economic and Financial Crimes Commission for his involvement in internet fraud. He allegedly fraudulently represented himself as one Don Smart, a white man in his attempt to defraud unsuspecting victims, an offence contrary to and punishable under section 384(1) of the Criminal Code Law of Edo State Law, 2022
 
Upon arraignment,  he pleaded guilty to the charge, prompting  the prosecution counsel,  K.U..Udus to pray the court to convict and sentence the defendant accordingly. However, Pascal Ugbome, the defence counsel, pleaded with the court to temper justice with mercy as the defendant was a first time offender.

Justice Ikponmwonba thereafter convicted and sentenced Innocent to two years imprisonment with an option of One Hundred Thousand Naira fine.

In addition, the court ordered the convict to forfeit his mobile phone recovered in the course of investigation to the Federal Government of Nigeria through the EFCC. His bank account used as instrument of crime was ordered closed.



 

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