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 N101. 4BILLION FRAUD: COURY ORDERS SERVICE OF HEARING NOTICE ON YAHAYA BELLO. (PHOTO). #PRESS RELEASE.

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 Alleged N101.4 Billion Fraud: Court Orders Service of Hearing Notice on Yahaya Bello

 

Justice Maryanne Anenih of the Federal Capital Territory, FCT, High Court, Maitama, has directed that a hearing notice be served on Yahaya Bello, former governor of Kogi State, at his residence and on the court’s notice board. This follows his repeated failure to appear in court for arraignment on charges of fraud involving N101.4 billion.

 

In a ruling on Thursday, November 14, 2024, Justice Anenih instructed that the hearing notice be pasted at Bello’s residence at No. 9 Benghazi Street, Wuse Zone 4, Abuja, and displayed on the court’s notice board. The court issued this order as the public summons requiring Bello’s appearance is set to expire on November 17, 2024, allowing him a few remaining days to comply.

 

The Economic and Financial Crimes Commission, EFCC requested an adjournment to allow Bello more time to respond to the public summons, which provides a 30-day period for his appearance. According to the counsel to the EFCC,  Jamiu Agoro, the option of issuing a warrant of arrest is premature as the 30-day compliance period has not yet expired.

 

Justice Anenih thereafter granted the EFCC’s request for an adjournment, setting November 27, 2024, as the new date for Bello to appear in court for arraignment.

 

Recall that the court had previously issued a public summons on October 3, 2024, after Bello failed to attend prior hearings related to the new 16-count charges filed against him by the EFCC. The charges include allegations of fraud amounting to N101.4 billion.

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