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 SENDS SEVEN INTERNET FRAUDSTERS TO PRISON IN BENIN CITY. (PHOTO). #PRESS RELEASE

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 Court Sends Seven Internet Fraudsters to Prison in Benin City


Justice Efe Ikponmwonba of Edo State High Court sitting in Benin City on Wednesday, February 21, 2024 convicted and sentenced seven internet fraudsters to various jail terms.


The convicts are Ayokunle Victor, Enoferodion Kingsley Osadebamwen, Endurance Igbineweka, Ale Emmanuel Mayowa, Ojo Wonder Toluwani, Okolie Kelechi Kingsley and Olaleye Joshua Ayomide.


They were jailed after pleading guilty to one-count separate charge bordering on obtaining by false pretences when they were arraigned by the Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC.


The charge against Osadebamwen reads: “that you Kingsley Enoferodion Osadebamwen (m) on or about 10th day of February, 2024 in Benin City, Edo State within the jurisdiction of this honourable court did have in your possession documents which you knew or ought to have known contain a false pretence and thereby committed an offence contrary to Sections 6 and 8 (b) of the Advance Fee Fraud and Other Fraud Related Offences Act.2006 and punishable under Section 1(3)of same Act.


Upon arraignment, the defendants pleaded guilty to their respective charges when they were read to them. Based on their pleas,   prosecution counsels, F.A. Jirbo and Salihu Ahmed prayed the court to convict and sentence them accordingly. However, counsel to the defendants pleaded with the court to temper justice with mercy as they have become remorseful for their actions.

 

Justice Ikponmwonba convicted and sentenced the trio of Ayomide, Mayowa and Victor to three years imprisonment or a fine of N100,000 (One Hundred Thousand Naira) each. The duo of Igbineweka and Osadebamwen bagged three years imprisonment or a fine of N200,000 (Two Hundred Thousand Naira) each. The judge also  convicted and sentenced Kingsley to two years imprisonment or a fine of N100,000 while Toluwani was sentenced to community service.


The judge ordered that the defendants forfeit their phones,  balances in their various bank accounts and one black Mercedes Benz GLK 2010 model recovered from Osadebamwen being proceeds and instruments of crime to the Federal Government of Nigeria. All the convicts are to undertake in writing to be of good behaviour afterwards.

 

The convicts'  road to the Correctional Center  began following their arrest by operatives of the Benin Zonal Command of the Economic and Financial Crimes Commission based on actionable intelligence regarding  their involvement in fraudulent activities. After thorough  investigations, they were arraigned on a one- count separate charge of personation and  unlawful possession of fraudulent documents.

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