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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EFCC SECURES CONVICTION OF THREE FOR INTERNET FRAUD IN KADUNA. (PHOTOS).#PRESS RELEASE

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 EFCC Secures Conviction of Three for Internet Fraud in Kaduna


The Kaduna Zonal Command of the Economic and Financial Crimes Commission has secured the conviction of the trio of Philemon Moses Cobons (aka Greg Young), Blessed Zugwai Adamu (aka James Smith) and Adajinewa Anaiah (aka Goddes Lex) before Justice A.A Isiaka of the Kaduna State High Court on one count charge each bordering on cybercrime. 

The convicts were arrested at different hideouts around Kaduna metropolis for alleged involvement in cybercrime. The investigation revealed that they assumed different identities to lure unsuspecting persons into phony social relationships with a view to defrauding them. 

They pleaded guilty to the charges brought against them. The prosecuting counsel, E.K Garba and M.U Gadaka prayed the court to convict them accordingly.

Justice Isiaka convicted and sentenced Adamu and Anaiah to 2 years imprisonment while Cobons was sentenced to 3 years imprisonment. The defendants were offered the option of a fine of N 150,000 each. In addition, they are to forfeit all proceeds of the crime to the Federal Government of Nigeria.

More photos below. 




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