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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MOHAMMED ABACHA,TO BE ON TRAIL FOR THEFT.

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                        Former military head of state late General Sani Abacha's son,Mohamed Abacha,today was unanimously agreed by the supreme court that he will to be tried for theft.He will return to Abuja High court and face his trail on a 123 court criminal charge brought against him by the Federal Government of Nigeria where in he was alleged to be in possession of stolen properties belonging to the Federal Government.The theft was allegedly committed during his late fathers tenure as a military President of Nigeria.Mohammed Abacha argued that the immunity enjoyed by his father while in office extended to him and that having forfeited some of the family's properties confisticated by the government,he should be exempted from prosecution in line with the provisions of Decree 53 of 1999 constitution.The apex court held that immunity does not extend beyond the tenure of office and that even if the late head of state were alive,he can be prosecuted for a criminal offence not to talk of his son who was never an occupant of the office of the head of state.The court affirmed the decision of the court of appeal which held that the late head of state's immunity does not extend to his son and ordered mohammed to go and face his trail at the Abuja court.

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