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 attention of the Nigerian Army has been drawn to a video clip circulating on Social Media of soldiers alleging lack of food and water.We wish to state that the video clip was shot more than six months ago by some mischievous and disgruntled elements when Twenty Nine Task Force Brigade captured Alagarno Forest and environs in Borno State.It is disheartening that some mischievous elements have decided to circulate it now,creating the false impression that it is a recent occurrence.We wish to state further that the matter was conclusively investigated at the time,several months ago.The Board of Inquiry actually showed that,as at the time of the incident,the unit's water tanker still contained water,butt a soldier mischievously concealed it.That soldier was charged and punished accordingly.In addition to the unit's water tanker ,a borehole was subsequently drilled at the location and it is still serving both the military and adjoining communities.We wish to restate with utmost concern the continued commitment of the Nigerian Army to the totl welfare of all its personnel.
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