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
Today thursday,the acting Director of Army Public Relations,Col.Sani Usman,confirmed the news of the release through a telephone conversation to pressmen,and he said the screening of the detained suspects conducted jointly by intelligence officers from the Army and other sister agencies,would be continuous and carried out simultaneously with the offensive operation.''I can tell you that more persons will be released,but contrary to views in some quarters,the release of detained suspects is not the exclusive prerogative of the Aemy alone.So it is not for anyone to begun to insinuate that the Army alone determines who is to regain freedom or not.What happens is that as the intelligence officers identify innocent persons,they hand them over to the affected state governments for rehabilitation and reintegration''.He further said that the Army in collaboration with other security agencies would continue to follow the rules of engagement in the operation aimed at liberating areas held by the insurgents.On the ongoing offensive against the insurgents,Usman said troops were consolidating on the recent gains as areas around Sambisa were being closed down by troops.The frontline commanders and troops were working toward actualising the timeline set by President Muhammadu Buhari,stressing that it was feasible.
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