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

FAROUK LAWAN COMPLETES FIVE YEARS JAIL TERM OVER $500000 BRIBE FROM FEMI OTEDOLA. (PHOTOS).

 


Farouk Lawan completes Five Years Jail Term Over $500000 Bribe From Femi Otedola

 

A former member of the House of Representative, Farouk Lawan, who was jailed for bribery in 2021, has been released from Kuje prison.


Lawan was convicted and sentenced to prison in 2021 for accepting a $500,000 bribe from a prominent businessman, Femi Otedola.


Otedola was then Chairman, Zenon Petroleum and Gas Limited.


The Supreme Court also early this year upheld the five years sentence of the former House of Representatives member.


His appeal sought to set aside the February 24, 2022 judgment of the Court of Appeal in Abuja, which sentenced him to a five-year jail term and discharged him on two out of the three counts on the corruption charge brought against him by the Federal Government failed.


Farouk stepped out of Kuje prison on Tuesday after completing his jail term.


The lawmaker announced his freedom in a statement he personally penned and made available to The Eagle Online on Tuesday.


 


The statement reads in full:


 


Thank Almighty Allah – Hon Farouk Lawan


 


Alhamdulillah


 


Alhamdulillah


 


Alhamdulillah


 


Today marks the beginning of a new chapter in my life as I step out of Kuje Custodial Centre, with a heart full of gratitude to Allah SWT for seeing me through this trial.


 


My gratitude is deep, I’m alive and in good health and high spirits to be with my family, friends and associates. I don’t take that for granted.


 


I remain grateful and indebted to my family and friends who stood by me through this particularly trying phase of my l


ife.


 


May Allah SWT bless you.

One more photo below. 



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