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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PRESIDENT BUHARI PRAISES UMAHI'S DEFECTION, SAYS IT'S BASED ON PRINCIPLE RATHER THAN COERCION.{PHOTOS}.#PRESS RELEASE.

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President Muhammadu Buhari has commended the defection of Ebonyi State Governor, David Umahi, to the All Progressives Congress (APC), describing it "as a bold move driven purely by principle rather than opportunistic motives."
Reacting to the defection, President Buhari said:
"I am proud of Governor David Umahi for taking this bold decision in accordance with his conscience and principles rather than any external influence or coercion."
According to the President, "Good governance is very important to us in the APC, and I’m glad that the governor has cited this as a major factor in his decision to join us. I urge our citizens to pay less emphasis on identity politics if we want our democracy to make a positive impact on our country."
He noted that "with men like Umahi, I foresee a brighter future for our democracy because the voters will be more motivated by performance records of parties and their candidates."
"Let me once again; commend the boldness of Governor Umahi for taking this courageous decision in a country where principles are in short supply among many. I know people might call him names, but that is the price men of principles have to pay for acting according to their conscience and convictions" President Buhari added.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
November 18, 2020.
One more photo below.



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