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
The inquest T.B Joshua was trying to challenge was set up by the Lagos state Government to unravel the cause of the September 12,2014 building collapse which killed 116 people most of South African nationality.T.B Joshua had dragged the coroner court and the coroner,Mr Oyetade Komolafe,before Justice Okunnu of the Lagos High Court Ikeja,asking for a judicial review of the proceedings.In delivering her ruling,Justice Okunnu held that ''Although the coroner's court cannot be sued,Mr Oyetade Komolafe himself can be sued in his own capacity as a coroner.The court needed to resolve the issue whether the coroner has acted contrary to the rules of natural justice by not granting the applicants a fair hearing and whether he has exceeded the scope of a coroner's court.Sections 26 and 27 of the Coroners System Law of Lagos state 2007,empowered the coroner to summon any witness to assist him in his fact finding mission.There was nothing unsual in the summons extended to Joshua.I find therefore the present application,lacks merit and has failed in its entirely.It is accordingly dismissed''.
Comments
Post a Comment