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 the Sokoto state Police Command spokesman,Mr El-Mustapha Sani,today monday confirmed the arrest of six workers of a four-star hotel in Sokoto over the death of a Police Inspector,Mr Nura Hashimu,on saturday.He said that the Inspector died after he was allegedly beaten to a state of coma by security guards of the hotel.''The deceased had reportedly lodged in the hotel for about five days preceding the incident.The late officer was asked to leave the hotel after repeated complaints by some of his neighbours in the hotel that his room was always rowdy.He had earlier parked his belongings and put them in a commercial tricycle and left the hotel,but he later returned angrily.On his return,the deceased reportedly had a misunderstanding with the Managing Director of the hotel,prompting the intervention of the security guards,who allegedly beat him up.The late Inspector was rushed to the Specialist Hospital Sokoto,where he was confirmed dead.His corpse had been taken to Usmanu Danfodiyo University Teaching hospital Sokoto for autopsy to determine the real cause of the death.The police spokesman stated that the six suspects had been detained for further investigation''.
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