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 N3B FRAUD: I EXCHANGED NAIRA FOR DOLLARS FOR YAHAYA BELLO- BDC OPERATOR. (PHOTO). #PRESS RELEASE.

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 Alleged N3b Fraud: I Exchanged Naira for Dollars for Yahaya Bello -BDC Operator


Jamilu Abdullahi, a Bureau de Change operator and the third prosecution witness in the trial of Ali Bello, on Tuesday, November 5, 2024, 

affirmed before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja that funds were brought to him by agents of Kogi State Government for the payment of school fees of the daughters of former governor, Yahaya Bello.

 

In a cross-examination by Ali Bello’s counsel, A.M. Aliyu SAN, Abdullahi affirmed that a dollar equivalent in cash was exchanged for each tranche. "I made it clear that it was cash that was brought to my office for payment of the school fees," he said.   


An effort by the defence to evaluate a WhatsApp conversation between the witness and the second defendant,  Abba Adaudu as evidence, was objected to by prosecution counsel Abbas Mohammed, who argued that the copy of the WhatsApp conversation was unknown to the court. Consequently, the defence requested an adjournment to enable it to furnish the prosecution with the WhatsApp chat.


Justice Egwuatu granted the request and adjourned the matter till November 6, 2024 for continuation of trial.


Ali Bello, cousin to Yahaya Bello is being prosecution by the Economic and Financial Crimes Commission, EFCC, alongside 

Adaudu, Yakubu Adabenege and Iyada Sadat on 18-count charges of money laundering and misappropriation to the tune of over N3 billion.

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