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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DELE MOMODU REGRETS PAINTING EX-PRESIDENT GOODLUCK JONATHAN AS INCOMPETENT.{PHOTO}.

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Dele Momodu Writes:
"Today, I am now reasonably convinced that the entire melodrama was meticulously planned and masterfully executed in order for some people to paint President Goodluck Jonathan as pathetically incompetent, and the reason his government must be sacked urgently.
I confess to believing the full narrative at the time, like most Nigerians, hence my almost fanatical support for Major General Muhammadu Buhari, in that sad period of our nascent democracy.
I wish to express my sincere apologies once again for believing that tale by moonlight and for being amongst those who plunged Nigeria into this unmitigated disaster from which we may not fully recover in decades to come unless God decides to deliver us miraculously. " - Dele Momodu
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