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
This is very funny but the story is true.A 30 year old trader has been arrested by the police in ogun state for naming his pet dog ''Buhari''.The trader identified as Joe Fortemose Chinakwe,of No 10,Omikunle Street,Sango-Ota,Ogun State,was reportedly arrested last weekend,after one of his neighbours of Northern origin complained bitterly that he named his dog after his father,Alhaji Buhari.The complainant reported the case at Sango Police Station,last Saturday,after which the trader was arrested and detained.However,it was gathered that efforts by the police to recover the dog,which they intended using as evidence failed following a clever move by the suspect.The trader,said to be trading in female wears at a popular market in Sango,allegedly directed his friends secretly to kill the dog and possibly eat the meat in order to avoid being implicated.It was gathered that consistent appeals by his friends and relations for the police to grant him bail failed as the complainant and his kinsmen reportedly threatened to kill the trader if he was released on bail.The case,however,took a different dimension two days later when Chinakwe's relatives went to Sango police station to further plead for his bail only to be informed that the case file and the suspect have been transferred to Ogun State Police Command headquarters at Eleweran.A relation to the suspect,who simply identified himself as Chiedozie told pressmen that his brother was being persecuted fears that he may either be poisoned inside police cell or thrown into jail.Chiedozie said ''Chinakwe is a lover of dogs and he names them after things that tickle him.He bought this dog a year ago and named it Buhari.Unfortunately,some Northerners,who dominate the vicinity where he resides misconstrued his intention and connived to take him up.The complainant then claimed it was derogatory because his father answers Buhari''.A police sources said ''He not only named the dog Buhari but boldly wrote it on the body of both sides of the dog and was seen parading the neighbourhood dominated by Northerners with it''.He was arrested on saturday and later taken to court either today.
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