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

ABUJA AMERICAN SCHOOL WRITES EFCC, TO REFUND YAHAYA BELLO'S $760K CHILDREN'S SCHOOL FEES. (PHOTO).


 Abuja American School writes EFCC, to refund Yahaya Bello’s $760k children’s school fees


The American International School of Abuja has asked the Economic and Financial Crimes Commission to provide “authentic banking details” for the refund of fees paid for the children of Yahaya Bello, immediate-past governor of Kogi state.


Bello allegedly paid $720,000 in advance as fees for five of his children from the coffers of the Kogi State Government.


The children are in Grade Levels 2 to 8 at the school.


On April 17, EFCC operatives laid siege on Bello’s residence in Abuja in an attempt to arrest him over an alleged N80.2 billion fraud.


While the operatives were at the house, Usman Ododo, governor of Kogi, arrived at the property and reportedly whisked Bello away.


In a letter addressed to the Lagos Zonal Commander of the EFCC, the school said the sum of $845,852 has been paid in tuition “since the 7th of September 2021 to date.”


AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.


“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family,” the letter reads.


It added, “Since the 7th September 2021 to date, $845,852.84  in tuition and other fees have been deposited into our bank account.


“We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84.


“No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”


The school said it would draw the attention of the anti-graft agency if there were any further deposits by the Bello family.


In a statement signed by Greg Hughes, AISA also said “Ali Bello contacted the school on Friday 13 August 2021 requesting to pay the family school fees in advance until the students graduate from High School”.


The Chairman of the EFCC, Ola Olukoyede, had earlier revealed that the former governor  transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.


Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.


He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.


“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Comments

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).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

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