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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NO RIFT BETWEEN DIEZIANI ALISON AND ANDREW YAKUBU-NNPC.

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              According to a national news paper,the Nigerian Petroleum Corporation {NNPC} has said that their is no rift between the Minister of Petroleum Resources,Mrs Dieziani Alison Madueke,and the Group Managing Director of  NNPC, Mr Andrew Yakubu.The clarification was contained in a statement issued on Sunday by the Group General Manager,Public Affairs Division of NNPC,Mr Ohi Alegbe.The statement said the Minister and GMD were in harmonious working relationship and dismissed insinuations of a frosty relationship between the two.It alsi denied that the minister was doing everything to thwart the proposed investigation into the alleged N10billion purportedly spent on the charter of jets by the corporation.The statement said further that the minister and corporation were putting together all the documents that the National Assembly requested for in the matter and added that at the end of the probe minister and corporation would be vindicated.It also said that all agencies in the ministry were working in concert with other key downstream operators to ensure the realization of the zero fuel ques aspiration of the minister.              

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