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

READ WHY ROTIMI AMAECHI'S SCREENING WAS DEFERRED BY THE SENATE EARLIER TODAY.

                  Today wednesday,the Senate deferred the Screening of  ex Governor Rotimi Amaechi because of the inability of its Committee on Ethics,Privileges and Public Petitions to submit its report on the petition against him.The Chairman of the Committee Sen.Sam Anyanwu,while briefing the senate,said that the committee could not meet on tuesday folloing the late adjournment of plenary.Anyawu said that as at the time of adjournment of plenary,most of the members of the committee were too tired to meet.He promised that the committee would meet on wednesday so as to finalise the report on Amaechi and submit on thursday to enable his screening.Another source said that Amaechi's nomination is being opposed by ''Integrity Group'',which petitioned the Senate alleging that Amaechi had not answwered questions on alleged financial misappropriation when he was governor of River state.Although the Committee met on monday,they could not deliberate on the petion as the allegations contained in the petition were said to be before a court of competent jurisdiction.Among the nominees to be screened are Se.Chris Ngige,former Lagos state governor Babatunde Fashola and Ibe Kachikwu.One more photo below.                                                                            

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