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 SENDS BARBER, ONE OTHER TO PRISON IN BENIN CITY. (PHOTOS).#PRESS RELEASE

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Court Sends Barber, One Other to Prison in Benin City

A 25-year-old barber, Ogudu Matthew and Ajayi Osamuyi were on Tuesday, August 29, 2024, convicted and sentenced to prison by Justice M. Itsueli of Edo State High Court sitting in Benin City, Edo State for internet fraud.


The duo were arraigned on one count charge of  impersonation and obtaining by false pretence by the Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC.


Ogudu and Osamuyi’s road to prison began following their arrest based on intelligence linking them to internet-related fraud activities. In the course of the investigation, Osamuyi was discovered to have impersonated Huang Dingxiang, a Chinese national in order to defraud unsuspecting victims.


The charge against Ogudu read: “That you Ogudu Matthew Orukpe (m) on or about the 17th of March 2022 in Benin City,  Edo State within the jurisdiction of this Honourable Court did take possession of the aggregate sum of N3,295,012.93 (Three Million, Two Hundred and Ninety five Thousand,  Twelve Naira and Ninety kobo) which you knew formed part of your unlawful act to wit: internet fraud and thereby committed an offence contrary to and punishable under Section 17(b) of the Economic and Financial Crimes Commission (Establishment) Act 2004”


Upon arraignment, the defendants pleaded guilty to their respective charges, prompting the  prosecution counsel Salihu Ahmed to ask the court to convict and sentence them accordingly. However, counsel to the defendant pleaded with the court to temper justice with mercy as the defendants were first time offenders.


Justice Itsueli convicted and sentenced Ogudu and Osamuyi to three and two years imprisonment  respectively with an option of Two Hundred Thousand Naira fine. They are also to forfeit their phones and undertake in writing to be of good behaviour.

 More photos below. 


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