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 ISSUES WARRANT FOR ARREST OF ONDO EX-DEPUTY GOVERNOR OVER ALLEGED FRAUD. (PHOTO).

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Court issues warrant for arrest of Ondo ex-deputy governor over alleged fraud


An Akure Magistrate Court has issued a bench warrant for former Ondo State deputy governor, Agboola Ajayi.

The warrant was issued in response to allegations of stealing levelled against Ajayi.

He was accused of obtaining a brand new Toyota Camry valued at N5.4 million through false pretenses and engaging in theft back in May 2018.

The Commissioner of Police had submitted an application for a bench warrant to ensure Ajayi’s appearance before the court to answer the allegations.

Following the application, the court ordered that Ajayi be produced in court or provide a statement on November 24.

Meanwhile, two former aides of Agboola Ajayi, namely Ogunmusi Samuel and Akintoye Olatunji, have already been arraigned before the court in relation to the car allegedly taken from one Segun Adetuwo, popularly known as Showboy.

In his statement, Samuel claimed that the former deputy governor instructed him to accompany Olatunji to collect the car from Adetuwo.

He said he collected a black-colored Toyota Camry XLE from Adetuwo but left without making any payment for the vehicle.


 

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