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
According to sources,the traditional ruler of Awka kingdom,Obi Gibson Nwosu,has been officially dethroned by the Council of Kingmakers on sunday after an announcement at a press conference.The Awka Council of Kingmakers in Anambra State,on Sunday,announced the dethronement of the traditional ruler of Awka Kingdom,Obi Gibson Nwosu.According to ThisDay,the council listed alleged violation of the community's constitution perpetrated by the monarch as part of the reasons for his removal.They accused him of violating the Traditional Ruler's Amended Constitution for Awka 1986; as well as Code of Conduct which he reportedly signed in January1,2000 after he was crowned.At a press conference attended by the members of Awka Council of Kingmakers held at the Obu of Chairman of Awka Council of Kingmakers in Umuogbu Awka,Ozo Obuora Essell,the council said the action took place on April 14,2017 in liason with the Ndichie Awka.In a statement signed by the Secretary of the council,Chief Emmanuel C.G Okechukwu and it Chairman,Ozo Obiora Essell,it also announced the Head of Ozo Awka as the Regent in accordance with the 1986 constitution of Awka pending the election and installation of new Ezeuzu Awka.The statement read,''Dr Gibson Nwosu was dethroned after he failed to come to defend himself from numerous acts of his violation of the Code of Conduct signed by him on January 1,2000,after he was crowned.''Some of the allegations further violated the Traditional Rulers Amended Constitution for Awka Town 1986; and some of these vices are Violating the grounds of his pardon by Awka People after he did ''Osu na Nkiti for his previous transgressions''.Reacting,the dethroned monarch,Nwosu,dismissed the group,saying that they have no such powers to remove him.He said the group were not the authentic kingmakers.''They are not the kingmakers of Awka and have no powers to remove me.We have the authentic kingmakers'',he said.
Comments
Post a Comment