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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THE FEDERAL GOVERNMENT HAS ACQUIRED NEW MILITARY EQUIPMENTS TO FIGHT INSURGENCY-IWEALA.

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                                                 Minister of Finance Okonjo Iweala on tuesday spoke to journalist after presenting relief materials to victims of Boko Haram attacks at the NYSC Orientation camp in Girei,Adamawa state,said that new military hardware purchased by the government had arrived the country,expressing hope that the insurgency would soon be crushed as the money being invested in the fight is translating into victory.She said the decision to procure modern equipment was bourne out of the commitment to improve the capability of the military to deal with terrorism.

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