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
The youths and women who were demonstrating today wednesday,barricaded major roads in Yenogoa,.to protest the cancellation of the election in Southern Ijaw Local Government Area by the Independent National Electoral Commission {INEC}.The youths who demanded the immediate sacking of the Resident Electoral Commissioner {REC} MR Baritor Kpagir,also called for the urgent release of the Southern Ijaw Election results.The youths said the REC erred for cancelling an election that had been conducted with results collated and pasted in various wards.Scores of physically challenged persons on wheelchair also joined the protest which was peacefully coordinated by armed riot policemen.More photos below. 
Comments
Post a Comment