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
According to Mike Omeri the National Coordinator,National Information center,made the information available to journalist in a recent press briefing said ''A considerable movements of some Boko Haram recruits in Geidam,Mairi and Dupcha might be noticed.The terrorists who could be moving to their various training camps,had planned on disrupting elections in the area in Borno state,and they have boasted about having a strong capacity of over 50,000 members.The Nigerian military forces have fully mobilised and deployed against the insurgents who are being chased and roundly subdued.The general public is to exercise a high level of vigilance and also support the effort of the military to ensure hitch free elections and a return to normalcy in the area.,Civil society organizations and politicians,should avoid disruptive and inciting statements''.
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