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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CABLE THIEVES.

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•The suspected cables thieves         The rate of arm robbery in Nigeria is very high,some blame it on unemployment and why some say is a form of collecting their own national cake,but can you rob Peter to pay Paul?.The new case of armed robbery involved 4 men,who around 2.am on Raymond Njoku street,off Awolowo road,Ikoyi Lagos recently stole cables.The suspects have been identified as,Okoya Emmanuel,32,Udoma Okoutu,37,Chi boy Eze,28 and Chike Onyewure,30.Their ring leader Chinedu,Aka Ik,fled on seeing the police.The items recovered from the police include,chisels,jack knives,cutlasses,saw blades,a mercedes benz car used for the operation and about 100 pieces of vandalised armoured cables.Residents in that area tip off the police.The 4 suspects were charged before an Igbosere magistrate's court,on a three count charge of felony,unlawful vandalisation of Nitel cables and stealing.All accused pleaded not guilty and a bail of N500,000 each with two sureties with proof of 6 months bank statement,was required.The 4 prisoners were taken to the Ikoyi prisons in Lagos,since they could not meet up the bail requirements.The matter was adjourned till 29 January 2014 for mention.                                                                                                                                           The suspects

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