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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KANO COURT JAILS TWO BUREAU DE CHANGE OPERATORS. (PHOTOS). #PRESS RELEASE

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 Kano Court Jails Two Bureau De Change Operators 


Justice Mohammed Nasir  Yunusa of the Federal High Court Kano on Tuesday,  February 27 2024, convicted and sentenced two illegal bureau de change operators to one year imprisonment each for operating BDC without an appropriate licence.


The convicts: Munkaila Sani and Mohammed Sani were jailed after pleading guilty to one-count separate charge bordering on engaging in financial operations of bureau de change without a requisite licence, upon their arraignment by the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC.


The lone-count charge reads ‘’That you Munkaila Sani sometime in February, 2024 in Kano within the jurisdiction of this Honourable Court did engage in a financial operation of bureau de change without a valid licence and you thereby committed an offence contrary to Section 57 (5) of the Banks and Other Financial Institutions Act, 2020 and punishable under Section 57 (5) (B) of the same act.’’

 

Upon arraignment, the defendants pleaded guilty to their respective charges when they were read to them. Based on their pleas, prosecution counsel, Aisha Tahar Habib prayed the court to convict and sentence them accordingly.


Counsel to the defendants, Abdulrahman Isah pleaded with the court to temper justice with mercy as the suspect are elderly and have become remorseful for their actions.


Consequently, Justice Yunusa convicted and sentenced the defendants to one year imprisonment each.


The convicts' began their journey to the Correctional Centre when they were arrested by operatives of the Commission around Wapa BDC market and Grand Central Hotel,  Kano, following reliable intelligence about their involvement in a syndicate operating bureau de change businesses without an appropriate licence.


More photos below. 


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