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

FIJ'S CASE: OJUKWU’S ARREST, INVESTIGATION JUSTIFIABLE UNDER THE LAW - FPRO. (PHOTO). #PRESS RELEASE.


 PRESS RELEASE


FIJ'S CASE: OJUKWU’S ARREST, INVESTIGATION JUSTIFIABLE UNDER THE LAW - FPRO



He Has a Case to Answer


The Nigeria Police Force hereby addresses recent developments regarding the arrest and investigation of Mr. Daniel Ojukwu, reiterating that much contrary to speculative reports, Mr. Ojukwu's investigation is in strict compliance with legal protocols and procedures. Mr. Ojukwu was lawfully apprehended and detained pursuant to a valid remand warrant issued by a competent court of justice on May 2nd 2024. His initial detention in Lagos and subsequent transfer to Abuja by the FCID-National Cybercrime Centre (NCCC) aligns with standard investigative procedures undertaken by police.


The detention of Mr. Ojukwu is linked to allegations of violating provisions of the Cybercrime Act, and other extant laws pertaining to cyber related crimes. These allegations stem from a report concerning financial transactions and contract execution upon which he was petitioned to the Nigeria Police for investigations. With our preliminary forensic investigation, and recovery of some contents generated by the suspect, Mr. Ojukwu has a case to answer and as such will be arraigned in court upon conclusion of investigations.


In the same vein, the Police did not deny Mr. Ojukwu bail, as it was predicated on him meeting the conditions set for the bail. He has however been released upon providing a reliable surety today Friday 10th May, 2024, pending the commencement of prosecution at the Federal High Court which has jurisdiction over cyber related crimes. It is instructive to note that his release has no correlation with the unwarranted protest held at the Police Headquarters on 9th May, 2024, but strictly due to him meeting the bail requirements and the policy of the Force on being rule of law compliant.


The Nigeria Police Force remains steadfast in its duty to maintain law and order, uphold justice, and safeguard the rights of all citizens. We urge the public and media outlets to refrain from speculations and undue media trial in order to avoid jeopardizing the legal procedures in the case.


ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI,

FORCE PUBLIC RELATIONS OFFICER,

FORCE HEADQUARTERS,

ABUJA

10th May, 2024

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