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 DISCHARGES SOWORE, BAKARE, ORDERS DSS TO RELEASE SEIZED ITEMS. (PHOTO).

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 Court discharges Sowore, Bakare, orders DSS to release seized items


A Federal High Court, Abuja, on Monday, discharged Omoyele Sowore and Olawale Bakare of alleged treasonable felony charge by the Attorney-General.of the Federation (AGF), Mr Lateef Fagbemi, SAN.

Justice Emeka Nwite, in a ruling after counsel for the AGF, A.R. Tahir, withdrew the charge, struck out the matter.

Justice Nwite also ordered the Department of State Service (DSS) to immediately release three phones and the sum of N10, 000 seized from Sowore during his arrest.

The judge also ordered the DSS to release a phone belonging to Bakare and the sum of N1, 500 confiscated from him during his arrest.

Justice Nwite equally ordered that Sowore’s international passport be released.

The orders followed an application by lawyer to Sowore and Bakare, Mr Femi Falana, SAN, to tye effect.

The News Agency of Nigeria (NAN) reports that Sowore and Bakare were earlier arraigned before Justice Ijeoma Ojukwu in 2019 before the matter was reassigned to Nwite.

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