INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

-
Image
  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
Post a Comment

EFCC ARRAIGNS ONE FOR N7. 1M FRAUD IN SOKOTO. (PHOTO). #PRESS RELEASE

-


 EFCC Arraigns One for N7.1m Fraud in Sokoto


The Sokoto Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Thursday March 21, 2024 arraigned one Ibrahim Salisu Isah before Justice Bashar Ibrahim Tambuwal of the Sokoto State High Court sitting in Sokoto.


He was arraigned on a one count charge of criminal breach of trust to the tune of N7,110,000.00 (Seven Million One Hundred and Ten Thousand Naira only).


The charge reads: "That you Ibrahim Salisu Isah Adult, Male, sometimes in November 2022 at Sokoto within the Judicial Division of the High Court of Sokoto State, while being entrusted with the sum of N7,110,000.00 (Seven Million One Hundred and Ten Thousand Naira) by one Buhari Hammani Gumbi to purchase and supply 1,800 bags of BUA cement at the rate of N3,950 per bag, dishonestly misappropriated the money to your personal use in violation of the mode in which the trust is to be discharged and thereby committed the offence of criminal breach of trust contrary to Section 300 of the Sokoto State Penal Code Law and punishable under Section 301 of the same Law".


The defendant pleaded not guilty to the charge when it was read to him. Prosecution counsel, S.H Sa'ad then applied for a trial date while defence counsel Shamsu Dauda applied for bail for the accused.


Sa'ad objected to the defence counsel's oral application for bail, arguing that being a court of records; the defence must come formally by way of an affidavit for the prosecution to respond.


JusticeTambuwal adjourned the matter to April 23, 2024 for hearing. He also ordered a formal bail application and remanded the defendant in the custody of the Correctional Services.

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the unions
Read more