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

PRESIDENT BUHARI MOURNS CLASSMATE 'MALAM MUHAMMADU IBRAHIM MAIGARI'.{PHOTO}.#PRESS RELEASE.

 

President Muhammadu Buhari has expressed sadness over the demise of Malam Muhammadu Ibrahim Maigari otherwise known as Muhammadu Musawa, his classmate in college and a prominent community leader.

 

“His passing away is a loss to all of us, his classmates, in whose hearts he had a special place. He was a complete gentleman and a selfless person who endeared himself to all who came close to him. My special condolences to his brothers, Alhaji Yazid Ibrahim, Senator Abu Ibrahim and Barrister Yahaya Ibrahim,” the President said.

 

The President also condoled with the Katsina Emirate Council, the government and people of Katsina State over the loss.

 

He prayed to Allah to grant forgiveness to the deceased.

 

Garba Shehu

Senior Special Assistant to the President

(Media & Publicity)

July 10, 2021

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