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

THE MORE MUD THE PDP SLINGS, THE MORE THE BROOM BLOSSOMS-GARBA SHEHU.#PRESS RELEASE.

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    Senior Special Assistant to the President on Media and Publicity, Garba Shehu says if the opposition Peoples Democratic Party, PDP wants to make family the issue in the coming elections, the APC would gladly accept the challenge. “Let this be the subject for 2019 election,” he told State House Correspondents in an interaction on Wednesday.
Reacting to various comments by several organs of the opposition party on remarks made by the President on views publicly expressed by his wife, Mrs. Aisha Muhammadu Buhari in an interview, the presidential spokesman said questions raised of the President by the PDP in regard to his wife only amounted to an own goal.
“The PDP leadership cannot afford to make family an issue in this campaign. Need I say more? The only thing I want to add is that PDP is engaging in mud-slinging because it finds it easier than speaking on their despicable 16-year record in the course of which they abused the trust of Nigerians.
“They made a mess of everything including the economy, security and infrastructure. It has come to the destiny of President Muhammadu Buhari to correct their mistakes.
“The PDP doesn’t see anything beyond grabbing power, power at all costs. As an opposition party, they have failed. They have remained disconnected with the masses of our people. It is an irony that a party that boasted as being the largest in Africa is now begging small parties for alliances. Even if they get all those paper parties behind them, they will still fail. A Presidential contest is more than the issuance of daily press releases containing falsehoods.
“They have launched a campaign for the Presidency, a campaign that has failed to get any traction. PDP members are themselves admitting that the campaign hadn’t made a good start, that attendance at rallies had unarguably been thin. The whole thing is not working; that President Buhari is unstoppable,” Garba Shehu said.
He continued, “rather than a so-called cabal, an imaginary creation attached to all past governments of the country, President Buhari is remote-controlled by the 200 million-plus Nigerian people whose interest is uppermost in everything he says and does.
“The PDP doesn’t have the strength and support to fight President Buhari. They don’t have the records in security, economy and the war against corruption to mount any meaningful challenge. They have no records of accomplishments in infrastructure. In the 16 years they held sway, they have nothing to show for the colossal oil revenues earned, including USD 16 billion doled upfront from the Central Bank for power, without a single megawatt to show for all that money. That is why they are dragging the President’s wife into their politics.”
GARBA SHEHU
SSAP (Media and Publicity)
Abuja
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