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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EMEFIELE SEEKS COURT ORDER TO STOP FG'S PROSECUTION. (PHOTO).

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Emefiele seeks court order to stop FG’s prosecution

Suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, has asked a Federal High Court sitting in Lagos, to put an end to further prosecution from the Federal Government, through the Department of State Services.

Emefiele was arraigned by the DSS on July 25 for allegedly possessing a firearm illegally. He was ordered to be remanded in custody and admitted to bail, but the DSS then re-arrested him.

Emefiele is seeking an order from the court clearing him of all charges brought against him by the DSS in a new application before Justice Nicholas Oweibo. His attorneys, led by Mr. Joseph Daudu, SAN, claim that the DSS’s actions were in “brazen disobedience” of the court orders granting him bail on July 25, 2023.

He also requested an order barring the Federal Government from receiving any future judicial indulgences unless and until it complies with the bail finding.




 

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