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
At about 1.00am yesterday sunday 25th September 2016,some suspected remnants of Boko Haram fighters attacked our troops location of at Logomani along Dikwa-Gambarou road, Borno State,in a 3 waves attack using 36 Hand Grenades and Rocket Propelled Launchers.Our troops fought gallantly and repelled the attack which lasted for about one hour.At the end of the fierce encounter,the troops counted 22 dead bodies of Boko Haram fighters.They also recovered 2 AK-47 Rifles,1 G3 Rifle and some 36 Hand grenades.Unfortunately,we lost 4 solders and their rifles as a result of the effect of Boko Haram use of Rocket Propelled Grenades,while 2 soldiers were wounded in action.The wounded in action have been evacuated for further medical management.The location have been reinforced and replenished while the troops have continued their clearance operations.
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