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

ALLEGED N4BN FRAUD: EFCC DECRIES OBIANO'S DELAY TACTICS. (PHOTO). #PRESS RELEASE


 Alleged N4bn Fraud: EFCC Decries Obiano’s Delay Tactics


Lead prosecution counsel in the trial of Willie Obiano , former governor of Anambra state,  Sylvanus Tahir, SAN,  on Thursday, March 7, 2024, accused the defence team of Obiano of allegedly evading prosecution’s service of a counter-affidavit.


Obiano is facing trial by the Economic and Financial Crimes Commission, EFCC, on a nine-count charge of embezzlement and money laundering to the tune of N4 billion before Justice Inyang Ekwo of the Federal High Court sitting in Abuja.


 At Thursday’s session, Tahir told the court  that the prosecution fruitlessly knocked at the gate of the chambers of the lead defence counsel,  Onyechi Ikpeazu, SAN,  that was placed under lock and key, with no access in a bid  to serve him a motion on notice in good time as ordered by the court at its Monday, March 4, 2024 sitting.


 “My Lord, you will recall that on Monday, March 4, 2024,  when this matter was mentioned for hearing, the complainant was served with a motion on notice, which was intended to challenge this suit before this honorable court, but the honorable court directed that we should file our response latest yesterday Wednesday, March 6. And we complied. My people went to the office of the lead senior counsel in this matter to serve the process, but their gate was closed, and they did not attend to us.


Narrating the situation further,  Tahir said that,  “I personally called him, lead counsel,  and he responded that he was at the tribunal and I told him that my 

people were in his office to serve him. I also called another counsel in that chamber to inform him that there were people in his office to serve him and he said he was going to get back to me but he didn’t get back, eventually”.


“Since there was nobody to open the gate for us to serve them, it was this morning that we served them and we are ready for the hearing,” he said.


Standing for the defence, Patrick Ikweto, SAN, did not counter the accusation.  


He admitted that the prosecution  only served his team its counter-affidavit 

Thursday morning and prayed the court for adjournment to enable his team to respond adequately.

Ikpeazu had on March 4, filed a motion challenging the jurisdiction of Justice Ekwo’s court to entertain Obiano’s trial. 


The twist made the prosecution ask for time to respond appropriately with a counter-motion. The judge slated the hearing of the prosecution's motion for Thursday which could not be held as the defence ensured that it was not served in good time.

 Justice Ekwo frowned at the slow progress of the case and fixed March 13, 2024 for the final hearing of Obiano’s motion on jurisdiction.

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