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 CONDEMNS REPORTED CASES OF ETHNIC VIOLENCE IN THE COUNTRY.{PHOTO}.#PRESS RELEASE.

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President Muhammadu Buhari has vowed that his government will protect all religious and ethnic groups, whether majority or minority in line with its responsibility under the constitution.
In a reaction to reports of breakout of violence in some parts of the country by some ethnic and sectional groups, President Buhari warned that the government will not allow any ethnic or religious group to stoke up hatred and violence against other groups.
The President condemned such violence and gave assurance that his government will act decisively to stop the spread of any such violence.
He appealed to religious and traditional leaders as well governors and other elected leaders across the country to join hands with the Federal Government to ensure that communities in their domain are not splintered along ethnic and other primordial lines.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
February 14, 2021.


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