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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ALLEGED FINANCIAL MISAPPROPRIATION: KANO COURT ORDERS SUBSTITUTED SERVICE ON GANDUJE, WIFE, OTHERS. (PHOTO).

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 Alleged financial misappropriation: Kano court orders substituted service on Ganduje, wife, others


A State High Court 7, sitting at Miller Road, has granted an order for substituted service on the National Chairman of the All Progressives Congress (APC), Umar Abdullahi Ganduje, in the alleged sale of government properties worth billions of naira.


The presiding judge, Justice Aminu Adamu Aliyu, granted the order after intense legal arguments between counsels of both applicants and defendants, Nuraini Jimoh SAN and Barrister Zaharadeen Kofar Mata, which include Ganduje, his wife Hafsat Ganduje, Lamash Properties, and others.


Recall that the State Chief Judge, Justice Dije Abdu Aboki, had transferred the case of the alleged corruption involving Ganduje and seven others.


The case, which was before a Kano High Court 4 sitting at Audu Bako, presided by Justice Usman Malam Na’abba, was transferred to Court 7 sitting at Miller Road, presided by Justice Aminu Adamu Aliyu.


Ganduje, his wife, son and five others were charged on an eight-count charge bordering on alleged bribery, diversion, and misappropriation of funds, among others, running into billions of naira.


Aside from Ganduje and family members, other parties in the suit are Jibrilla Muhammad, Lamash Properties Ltd, Safari Textiles Ltd and Lesage General Enterprises.


The Kano State Government, in the criminal suit filed against the respondents, said it has assembled 15 witnesses to testify against them on the eight-count charge.


However, ruling on the substituted service request by the prosecution counsel, Barrister Zaharadeen Kofar Mata, in today’s sitting, the new presiding judge, Justice Aminu Adamu Aliyu, granted the order that Ganduje, his wife, and others should be served through placement in national dailies.


The judge then adjourned the case to July 11th for the counsels to address the court on their evidence of appearances and also for a hearing in continuation.

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