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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EIGHT INTERNET FRAUDSTERS BAG JAIL TERMS IN ILORIN. (PHOTO). #PRESS RELEASE.

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 Eight Internet Fraudsters Bag Jail Terms in Ilorin

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Justices Evelyn Anyadike of the Federal High Court sitting in Ilorin and Adebayo Yusuf of the Kwara State High Court, Ilorin on Wednesday, March 13, 2024 convicted and sentenced eight internet fraudsters to different jail terms.

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The convicts were part of the 48 students of the Kwara State University, KWASU, and two residents of Malete arrested on Wednesday, February 21,  2024,  during a sting operation by operatives of the Ilorin Zonal Command of the EFCC for internet- related offences.

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The convicts are:  Afolabi Habeeb Ajao, Mohammed Nabeel Ayara,  Oluyedun Khalid Bolaji, Oladele Israel Olatayo, Aransiola Joshua Adebisi,  Olaleye Gbenga Philip,  Bright Moses  and Ogunrinde Gabriel Ayomikun.

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