INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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

POLICE ARREST BIAFRAN MAGAZINE PUBLISHER AND OTHERS IN SOMOLU LAGOS.{PHOTO}

Image may contain: 1 person                 According to sources,police has arrested the publisher of the Biafran Times Magazine,30 years old Peter Eke,at Somolu area of Lagos State.He was arrested alongside his staff of hi publishing firm-Azeez Ayoola {30},Kunle Olushola {22} and Akeem Adebakin {49}.Others are Ayodeji Gbemi {30},Akeem Bisiriyu {34} and Shakiu Folohunsho {25}.The state Commissioner of Police,Fatai Owoseni,paraded the publisher and staff of the printing company before journalists at the Command Headquarters,Ikeja yesterday.He described the publication as ''seditious'' which could bring disharmony and chaos in the state.Owoseni said the command would invoke the Law on anyone playing an ethnic tune and working against the unity of the country.But Eke said he did not know that publishing the Biafran Times magazine in the state was an offence.He said: ''I have published some sporting papers before because of low patronage,i decided to publish the Biafran Times because I knew Igbo people who reside in Lagos would buy it.I am only doing it to put food on my table.Ii love my country and I love my president.My intention is not to fight my country,I just want to pass out information to those who have no access to the Internet.I usually go on the Internet to source for information and publish.I decided to specialise on Biafra Times when I discovered it is always a sell-out.We usually sell between 6,000 and 7,000 copies weekly because of the name.Each copy,according to him,goes for N100 nationwide''.
Fatai Owoseni,police commissioner,said 515 copies of the ''offending '' newspaper were recovered during a raid on the printing press of the organisation in the Shomolu area of Lagos.''This is an offence punishable under the Criminal law of Lagos state,'' he said.He added that the suspectss would be charged to court as soon as detectives finished interrogating them.
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