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

$65M FRAUD: TRACK DOWN BUHARI'S SON IN-LAW,PDP CHARGES ICPC+URGES PRESIDENCY TO ALLOW FR OPEN INVESTIGATION.{PHOTO}.#PRESS RELEASE.

May 14, 2021
Press Statement
$65m Fraud: Track Down Buhari’s Son in-law, PDP Charges ICPC…Urges Presidency to Allow For Open Investigation
The Peoples Democratic Party (PDP) says the latest revelation of $65 million (N31 billion) fraud in the Federal Mortgage Bank of Nigeria (FMBN), in which President Muhammadu Buhari’s son in-law, Gimba Yau Kumo, is reportedly involved, further confirms that the Buhari Presidency is indeed a sanctuary for fraudsters, treasury looters and common criminals.
The party charges the ICPC not to succumb to reported pressure from the cabal in the Buhari Presidency but to track down Yau Kumo, the former Managing Director of the FMBN,who had already been declared wanted, and bring him to book alongside his accomplices.
It speaks volumes that the Buhari Presidency had remained silent in the face of this huge fraud involving Mr. President's son in-law; a beneficiary of the primitive family patronage in the Buhari administration, only for certain members of the cabal to be reportedly mounting pressure on the ICPC to let him off the hook.
The PDP holds as wicked, afflicting and provocative that while millions of hardworking Nigerians cannot afford their daily meals and other basic necessities of life due to the misrule and corruption of the All Progressives Congress (APC) and its administration, they are daily assailed by revelations of unbridled treasury looting under President Buhari's watch.
Is it not provocative that at the time the Buhari administration is moving to cut workers' salaries; increased the cost of fuel, electricity and other tariffs; in a country with over 33 percent unemployment and where citizens have been subjected to the worst forms of poverty; government officials, cronies and relations of those in power are busy looting our agencies and carting away our common patrimony?
It is even more distressing that the looted FMBN money is part of funds contributed by Nigerians to meet their home needs which has instead fallen under the predatory proclivities of the APC administration.
The party asserts that Nigerians can now see that while the Buhari Presidency parades a “holier than thou attitude”, the nation’s vaults have been laid open for the ruthless pillaging by family members, relations, cronies in the Buhari Presidency.
Only last week, the nation was jolted by reports of the looting of over N165 billion in the Nigeria Ports Authority (NPA) under the suspended Managing Director, Hadiza Bala Usman and the purview of the Minister of Transportation, Rotimi Ameachi, leading to widespread demand for their sack and prosecution.
This is in addition to the alleged involvement of the wife of the Transportation Minister, Mrs. Edith Amaechi, in the reported N48 billion contract scam currently rocking the Niger Delta Development Commission (NDDC).
Indeed, this APC administration stinks!
The PDP urges the Buhari Presidency to allow for an open investigation of Mr. President’s son in-law as well as those fingered in the fraud in the NPA and the NDDC.
Signed:
Kola Ologbondiyan
National Publicity Secretary

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