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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ITALIAN LADY RE-ARRESTED BY EFCC FOR CONTEMPT OF COURT IN LAGOS. (PHOTO).#PRESS RELEASE

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EFCC Re-arrests Convicted Italian for Contempt of Court in Lagos

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested a convicted Italian, Floriana De-Stefani, for failing to obey a court order upon her conviction by Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.

The judge had, on October 7, 2022, found De-Stefani guilty of using false documents and counterfeit seals to confer on herself ownership of a property belonging to a company, Waterside Properties Limited, an offence contrary to Section 366 of the Criminal Law of Lagos State.

Delivering judgment, Justice Dada had sentenced the convict to three years in prison and also ordered the release of the property on 14 A&B Warring Road (formerly Bayo Kuku Road), Ikoyi, Lagos to Waterside Properties Limited within three weeks.

De-Stefani was, however, re-arrested on Tuesday, December 19, 2023, for refusing to vacate the property ordered for release to the company by the court.

Following her arrest on Tuesday, she was also issued a notice by the Commission to vacate the property within seven days or risk legal actions.

De-Stefani, alongside Stella Ndubusi Ogboju, was first arraigned on March 30, 2019, on five-count charges bordering on forgery and stealing of a property belonging to a company, Waterside Properties Limited. The charges were later amended by the prosecution counsel, Ahmed Yerima, to six-count charges.

One of the amended charges read: “That you, Floriana De-Stefani, sometime in 2015, within the Ikeja judicial Division of this Honourable court, dishonestly converted for your own use a property known and situated at No.14A/B Warring Road, Ikoyi, Lagos, a property of Waterside Properties Limited."


 

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