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

GOVERNOR FAYOSE OF EKITI,DEBUNKS RUMOURS THAT HE PAID HIMSELF N720 MILLION.

           Chief Press secretary of Fayose,Idowu Adelusi said that the governor,in a broadcast noted that ''The resolve of the people to massively vote for their choice and subsequently defend the mandate given to him in the face of stiff opposition reaffirmed that power resides with the people''Fayose said he will continue to ensure that the welfare of the people remained his priority as he debunked the rumour that he had paid himself over N720 million as allowances for his first tenure,saying ''It it is only a heartless leader that will do such at a period the state is facing financial challenges''.Fayose asked people of the state to always demand for evidence whenever such rumours were being peddled,noting that he will not amass wealth at the expense of the welfare of the people.

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