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
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PRESIDENT BUHARI CONDEMNS COMMUNAL VIOLENCE IN KADUNA STATE.{PHOTO}.#PRESS RELEASE.

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      President Muhammadu Buhari has condemned the latest communal violence in Kasuwan Magani in Kaduna State which claimed 55 lives.
Reacting to the violent clashes, President Buhari said the frequent resort to bloodshed by Nigerians over misunderstandings that can be resolved peacefully, is worrisome.
According to the President, “No culture and religion support the disregard for the sanctity of life,” adding that "peaceful coexistence is necessary for the progress of any society and its wellbeing."
He noted that without communal harmony, the environment for the conduct of "our everyday businesses would be impossible to achieve."
President Buhari explained that "violence cannot be an alternative to peace. On the contrary, reliance on violence leads to ultimate self-destruction. Violence is an ill wind that blows nobody any good. Embracing peace is a necessity.”
In commending the Kaduna State government for its rapid response to the crisis, the President appealed to community leaders to engage in regular dialogue to nip imminent crises in the bud, while admonishing the people to develop the spirit of tolerance and patience at all times.
GARBA SHEHU
Senior Special Assistant to the President
(Media & Publicity)
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