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
In a video posted on his Instagram yesterday saturday night,Nigerian musician Innocent Idibia Popularly known as Tuface did not chicken out of the protest but he said in the video that the protest which is scheduled to hold tomorrow monday at the nation stadium is under threat of being hijacked by other interests not aligned with the ideas behind the organisation of the march.He said in the video ''Dear Nigerians,after due consultations,it has become clear that the one voice protest scheduled to hold in Lagos and Abuja on monday,February 6 is under serious threat of hijack by interests not aligned with our ideals.The point I am intent on making is not worth the life of any Nigerian.It is motivated by the need to negotiate a better deal for the ordinary Nigerian.I therefore announce the cancellation of the planned protest.We would share further information in due course we appreciate the massive support.I am convinced our voices have been heard.May God bless you all,may God bless Nigeria''.According to another source,the Conference of Nigeria's Civil Right Activists and the United Action for Democracy,CNCRA have said there is no going back on the planned mass protests called by Nigeria's hip hop icon,Innocent 'Tuface'' Idibia,despite the police's effort to stop them.Speaking on the police's call that the protest should be cancelled,the convener of the CNCRA,Ifeanyi Odili,said, ''The security agencies do not have such power under the constitution.Why should they stop it? Are hey not part of us? Do they have special markets? If they want to be overzealous with their job,then we will tell them that we are not joking''.
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