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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IN A RECENT STATEMENT,AREWA CONSULTATIVE FORUM,ACCUSED JONATHAN OF PLOTTING TO HINDER BUHARI'S TENURE.

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                   The Arewa Cosultative Forum ACF,accused President Goodluck Jonathan of deliberate plot to hinder the smooth take off of Muhammadu Buhari's tenure.The statement is signed by the ACF National Publicity Secretary,Muhammad Ibrahim,noted that the nationwide fuel scarcity had virtually crippled the economy and put untold hardship on Nigerians.Part of the statement reads ''This has seriously affected power generation and distribution,transportation system,telecommunications,banking,water supply and other sectors of the economy.All these unwarranted hardships including the persistent insecurity and many others which the outgoing regime will bequeath to Gen Buhari appear to be deliberate and calculated to hinder the smooth takeoff of the new administration.The recent revelation by the Finance Minister,Dr Ngozi Okonjo Iweala that despite about N61.7billion about N12.3 trillion} earned from oil and other sources in the four years of president Jonathan,the Federal Government has been borrowing to pay salaries and allowances thereby incuring heavy debt for the incoming administration''.

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