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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COURT JAILS MAN IN GOMBE FOR N7. 6M FRAUD. (PHOTOS). #PRESS RELEASE.

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 Court Jails Man in Gombe for N7.6m Fraud

 

Justice J.A. Kereng  of the Gombe State High Court, sitting in Gombe on Friday, May 10, 2024  convicted and sentenced one George Habu Nuhu to six months imprisonment for fraud.

 

Nuhu was prosecuted by the Gombe  Zonal Command of the Economic and Financial Crimes Commission, EFCC on a one-count charge of intent to defraud.

 

The charge reads: “That you George Habu Nuhu between March 2018 and November 2019 at Gombe, Gombe State within the jurisdiction of this honourable court with intent to defraud obtained the aggregate sum of N7,678,000 (Seven Million, Six Hundred and Seventy-eight Thousand Naira) property of Shehu Makama which your claimed  that the money was payment for the "madrid timber log" and thereby committed an offence contrary to Section 320 of the Penal Code Law and punishable under Section 322 of the same Law.”

 

He pleaded “guilty” to  the charge when it was read to him upon which prosecution counsel, S.E. Okemini urged the court to convict and sentence him accordingly, while the defence counsel, Yusuf .A. Ali  pleaded with the court to temper justice with mercy.

 

Justice Kereng thereafter convicted and sentenced Nuhu to six months imprisonment or to pay a fine of N60,000 (Sixty Thousand Naira). The convict in addition, would restitute the sum N7,678,000 (Seven Million, Six Hundred and Seventy-eight Thousand Naira), being proceeds of his crime to his victim within six months, beginning from May 2024. 

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