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 FIVE INTERNET FRAUDSTERS IN BENIN CITY. (PHOTO). #PRESS RELEASE.

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 Court Jails Five Internet Fraudsters in Benin City


Justices Igho Braimoh and G. O. Imadegbelo of Edo State High Court sitting in Benin City have convicted and sentenced five internet fraudsters to various jail terms.


The convicts are Terry Ekhator, Sydney Momoh, Paul Obi, Celab Ndubuisi and Idahosa Eghosa


They were jailed after pleading guilty to one-count separate charges bordering on obtaining by false pretence, possession of fraudulent documents upon arraignment by the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.


The charge against Ekhator reads:  That you Terry Ekhator (m) on or about the 22nd of July, 2024 within the jurisdiction of this Honourable Court did have in your possession documents which you knew or ought to have known contain a false pretence and thereby committed an offence contrary to Section 6 and 8 of the Advance Fee Fraud and other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.


All the defendants pleaded guilty to their respective charges when they were read to them in court, prompting the prosecution counsel, K.Y. Bello and A. A. Al-Amin to pray the court to convict and sentence them accordingly. However, counsel to the defendants pleaded with the court to temper justice with mercy, maintaining that they have become remorseful for their actions.

 

Justice Braimoh on Thursday August 8, 2024 convicted and sentenced Ekhator and Momoh to two years imprisonment or a fine of N200, 000( Two Hundred Thousand Naira) each while Obi bagged three years imprisonment or a fine of N200,000.


On Friday August 9, Justice Braimoh convicted and sentenced Ndubuisi to three years imprisonment or a fine of N200,000

On Wednesday July 31, Justice Imadegbelo convicted and sentenced Eghosa to three years imprisonment or a fine of N200,000.


All the convicts forfeited  their phones, laptops, balances in their various bank accounts, being instruments and proceeds of crime to the Federal Government of Nigeria. They are to undertake in writing to be of good behaviour afterwards


The convicts’ journey to the Correctional Centre began following their arrest by operatives of the Benin Zonal Directorate of the Commission  regarding their involvement in computer -related fraud. They were charged to court and convicted.

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