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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PRESIDENCY ORDERS WITHDRAWAL OF ‘FAKE NEWS’ PRESS RELEASE ON THE ORDER OF ARREST OF NFF CHAIRMAN.#PRESS RELEASE.

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      A press release in circulation in the last 24 hours, to the effect that President Muhammadu Buhari has ordered the arrest and prosecution of Amaju Pinnick, the NFF Chairman, is fake news because anyone familiar with the President’s unmitigated and unshakable commitment to the due processes of the law will not make such assumptions of the President.
The position of the President that allegations of criminal nature should be addressed only by investigation and law enforcement agencies, within the framework of the law has not changed.
It is not in the nature of President Buhari to say go and arrest that man or woman as formed the practice in the past.
Rather, he allows all allegations of this nature to be addressed using the mechanism of the rule of law even as law enforcement and investigation agencies should not in any way be hampered in performing their duties.
At the same time, nobody should drop names to seek to influence the course of those investigations.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
January 6, 2019.
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