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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FEDERAL HIGH COURT IN ABUJA SACKS IDU GODWIN,ONITSHA HOUSE OF REP MEMBER YESTERDAY.

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                  Justice Adeniyi Ademola,a Federal High Court Judge sitting in Abuja yesterday thursday,gave an order of the removal of a member of the House of Representative Idu Godwin,who is representing Onitsha North/South Federal constituency from the house and directed the Independent National Electoral Commission {INEC},to withdraw the certificate of return issued to him and issue a fresh certificate of return to Lynda Chuba Ikpeazu who was declared the authentic candidate of the Peoples Democratic Party {PDP} at the April 11,2015velection.The judge gave the order while delivering judgement on a pre-election suit instituted by the plaintiff.The court also ordered the National Assembly specifically the House of Representatives to swear in the plaintiff {Lynda Ikeazu} as a member of the house.Lynda Chuba Ikeazu,who won the PDP primary election conducted on December 7,2014 had in the suit challenged her substitution with Idu Godwin by the Party.

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