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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S/COURT:PDP UNCOVERS APC'S PLOT TO FRUSTRATE REVERSAL OF IMO JUDGMENT.{PHOTO}.#PRESS RELEASE.

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   February 26, 2020
Press Statement
S/Court: PDP Uncovers APC’s Plot To Frustrate Reversal of Imo Judgment
The Peoples Democratic Party (PDP) alerts that the All Progressives Congress (APC) is currently mounting pressure on the Supreme Court to restrain itself from reversing the flawed judgment on the Imo State Governorship election despite obvious mistakes in that judgement, which is now threatening the stability of our nation.
The party, which hailed Wednesday's verdict of the Supreme Court on Bayelsa state governorship election, however noted that the elements and grounds for the demands by the PDP and majority of Nigerians for the reversal of Imo state governorship election judgment are completely different from those of Bayelsa.
The PDP explained that its demand on Imo is not in any way in contestation of the authority and finality of the Supreme Court but a patriotic effort to assist the Supreme Court affirm its infallibility by correcting the inherent mistakes in the judgment which came as a result of misleading presentation to it by the APC.
It is therefore instructive to note that the various election matters before the Supreme Court were brought on clearly distinctive grounds and each should be treated on its merit before the law.
The party said the only reason APC was pushing for a review of the Supreme Court’s valid and flawless judgment on the Bayelsa and Zamfara governorship elections was to cause confusion and blackmail the Supreme Court from treating the Imo case on merit.
The PDP maintained that the grounds for the reversal of Imo judgment are unambiguously constitutional and completely distinct from APC’s attempt to blackmail the Supreme Court with their demands on the Bayelsa and Zamfara states governorship election.
The party therefore urged the Supreme Court not to succumb to the threats and blackmail by APC to push it restrain itself from looking at the merit of the Imo case; correcting the mistakes and reversing the flawed judgment.
Signed:
Kola Ologbondiyan
National Publicity Secretary.
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