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
Intelligence at the disposal of the Force leadership indicates that some aggrieved factional leaders and members of the Peoples Democratic Party {PDP} have perfected plans to engage thugs from across the country to join them in threatening public peace and security in Abuja.This is sequel to the on-going intra-party leadership crisis in the party and further fallout of the recent political engagements of the Party.The plan of the brains behind this development is to infiltrate Abuja and attack the National Headquarters of the Peoples Democratic Party with intent to forcefully occupy the facility.Towards perfecting this criminality,credible Police sources confirm that the actors will mobilise into Abuja with effect from Monday 23rd May 2016 and they intend to march through major streets in Abuja before proceeding to the PDP Secretariat to manifest their intention.Consequently,the Inspector General of Police has directed the deployment of Police assets to secure the PDP Secretariat and protect the staff until the threat to internal security that is being occasioned by the intra-party crisis within the PDP is stabilised.The police action is a proactive initiative which is being emplaced in furtherance to the statutory Mandate of the Nigeria Police to prevent breakdown in law and order and protect lives and property.The Inspector General of Police,however warns all actors in the crisis as well as their loyalists to refrain from any act that may threaten public order as the Police shall deal promptly,firmly and decisively with such persons or group in line with their legal obligations.-ACP Olabisi Kolawaole,Force Public Relations Officer,Force Headquarters,Abuja. 
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