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 TWO NINE YEARS IN GOMBE. (PHOTOS). #PRESS RELEASE.

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 Court Jails Two Nine Years in Gombe 

 

Justice Abdulhamid Yakubu of the Gombe State High Court, sitting in Gombe, on Monday, May 13, 2024 convicted and sentenced the duo of 

Abdulwahab. A.Magaji and Salihu Musa to nine years imprisonment for employment fraud and intent to defraud.

 

Magaji faced a one-count charge of employment scam, while Musa was arraigned on two-count charges of intent to defraud and conspiracy by the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC.

 

The charge against Magaji  reads: “That you Abdulwahab Adamu Magaji and Adamu Usman  between January and December 2023 within the jurisdiction of this honourable court obtained the aggregate sum of  Seven Million and Eight Hundred Thousand Naira  ( N7,800,000) only from one Hajia Hauwa Ali which you claimed was payment for offer of an employment at Ministry of Health in Gombe, Gombe State and thereby committed an offence contrary to Section 320 of the Penal Code Law and Punishable under Section 322 of the same Law.”

 

 

One of the charges against Musa reads: "That you Salihu  Musa sometime in January, 2023 at Gombe, Gombe State within the jurisdiction of this honorable court, with intent to defraud, made false documents, to wit: Bank of America ATM card with card No 4658656032040012, Australia New Zealand Bank Debit card, etc, which you knew to be false document and there by committed an offence contrary to Section 362 of the penal code law and punishable under Section 364 of the same law."

 

The defendants pleaded guilty when the charges were read to them,  prompting prosecution counsel S.E Okemini to  pray  the court to convict and sentence them accordingly, while defence counsel, I.S Gadah and U.M Mojaji pleaded with  the court to  temper justice with mercy, stating that the defendants were first time offenders.

 

Justice Yakubu thereafter convicted and sentenced Musa to six years imprisonment with an option to pay N60,000 (Sixty Thousand Naira) fine. He also forfeited iPhone S6 being the tool of his crime to the federal government, while Magaji bagged three years imprisonment or a fine of N30,000 (Thirty Thousand Naira). In addition, Magaji  was ordered to pay N7,800,000 (Seven Million, Eight Hundred Thousand Naira) being the proceeds of his crime to his victim within  three months time, beginning from May 2024.

 

The convicts’ journey to the Correctional Centre began when Magaji was arrested for employment fraud and Musa for obtaining under false pretence.  They were charged to court and convicted.

 

More photos below. 




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