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
Yesterday saturday,six people died in a boat accident that occurred in a river in Bengaji District of Yabo Local Government Area of Sokoto state.Today sunday Alhaji Mika'ilu Sabo-Yabo,the Assistant Information Officer of the local government,confirmed the deaths in a statement issued to newsmen in Sokoto.He said the six persons died after the boat they were travelling in capsized.According to the statement,four other passengers of the ill fated boat survived with minor injuries.The boat broke into two while in motion before it capsized killing six of the passengers,who were from Kissa,Gadara and Kalangu villages.''Nobody can tell me what really happened as at now,but further investigations would reveal the real cause of the mishap.The deceased have since been buried according to Islamic rites,while the injured persons are responding to treatment at the hospital''.
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