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 SENDS TWO TO JAIL FOR FOREX SCAM IN BENIN CITY. (PHOTOS). #PRESS RELEASE.

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 Court Sends Two to Jail for Forex Scam in Benin City


Justice Efe Ikponmwonba of Edo State High Court sitting in Benin-City has convicted and sentenced two fraudsters, Raji Afeez Onii and Udo-Iwe Aniedi Raphael to two years imprisonment for fraud.


They were jailed after pleading guilty to one-count charge bordering on obtaining by false pretence upon arraignment by the Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC.


The charge reads: "That you Raji Afeez Oni and Udo-Iwe Aniedi Raphael sometimes in May, 2020 within the jurisdiction of this honourable court provided your account details to one Abe Rachel Remote to (at large) for the purpose of receiving monies unlawfully obtained from members of the public and thereby committed an offence contrary to Section 17(a) of the Economic and Financial Crimes Commission  (Establishment) Act 2004 and punishable under Section 17(b) of the same Act."


The defendants pleaded guilty to the charge when it was read to them in court, prompting the prosecution counsel,  Salihu Ahmed to pray the court to convict and sentence them accordingly.  However, counsel to the defendants pleaded with the court to temper justice with mercy as they have become remorseful for their actions.


Justice Ikponmwonba convicted and sentenced the duo to two years imprisonment or a fine of  N100,000( One Hundred Thousand Naira only) each. The court ordered that a Toyota Camry car recovered from Oni be forfeited to the Federal government Of Nigeria as proceeds of crime.


The judge also ordered that the entire sum of N10,917,357.00 (Ten Million,  Nine Hundred and Seventeen Thousand , Three Hundred and fifty Naira) recovered from the defendants be restituted to the victims of the crime.


The convicts’ road to the Correctional Centre began following their arrest by operatives of the Commission for collecting money from the public under the guise of investing the same in forex trading which  turned out to be a fraudulent scheme.

 

More photos below. 


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