INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
INEC {Independent National Electoral Commission} resident Electoral Commission in Taraba state Austin Okojie,has given politicians in Taraba state seven days to remove all campaign billboards and posters or face prosecution''.He gave the directive at a stake holder's meeting held today in Jalingo.He said ''Posting the poster now is contrary to the Electoral Act.seven days is given to them to remove their billboards and posters.If they fail to comply with the directive,we will appeal to law enforcement agents to assist in removing them and possibly prosecute the culprits.We urge politicians to always play by the rules to instill sanity in the political arena''.
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