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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ANAMBRA: DECISION ON ZONING IS PREROGATIVE OF STATE-PDP.{PHOTO}.#PRESS RELEASE.

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       August 16, 2020

Press Conference

The attention of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) has been drawn to conflicting reports regarding its position on issues relating to the coming Anambra state governorship election.

For the avoidance of doubts, the NWC wishes to state that any decision on zoning of elective offices at the state level remains the exclusive preserve of the State chapter as such falls under its regulatory purview and administrative prerogative as prescribed by the Constitution of the PDP.

The NWC notes that Section 24(2) of the PDP Constitution is clear on the functions of the state chapters in party administration including identifying and resolving political, social and economic issues of concern in states.

Our party also holds that it recognizes the current chairman of the Anambra state chapter as well as the structure of the party in the state.

The NWC therefore urges all stakeholders in Anambra state to continue to work harmoniously for the overall success of our party in the state.

Signed:

Kola Ologbondiyan
National Publicity Secretary.

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