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

OBASANJO IS CONFUSED; NO ONE TAKES HIM SERIOUSLY–PRESIDENTIAL SPOKESPERSON.[PHOTO}.#PRESS RELEASE.


      The Presidency has dismissed the recent utterances by former president Olusegun Obasanjo, as a sign of confusion not worthy of attention.
Speaking to journalists in Abuja on Wednesday, presidential spokesperson, Garba Shehu, said that whoever Obasanjo chooses to support at the 2019 elections is irrelevant, as the former president had publicly changed his mind on the matter so many times over the past few months alone.
"Former president Obasanjo denounces one person today and supports that same person the next day.
"When it pleases him, he brings God into the matter and uses that as his excuse for whatever position he has chosen," he said.
Shehu added that he was not surprised that newspapers reported Obasanjo expressing neutrality at a weekend forum, only for the former president to express a completely different stance after a day or two.
"We have learnt not to take his utterances seriously anymore.
"We know that the slightest wind can make him change his mind again. After all, this is the same man who publicly tore his party registration card barely four years ago, and he now claims to be backing the same party," Shehu said.
Wednesday, December 12, 2018
Abuja.

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