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

PRESS BRIEFING BY LAI MOHAMMED ON THE RE-ARREST OF IPOB LEADER NNAMDI KANU.{PHOTOS}.#PRESS RELEASE.

TEXT OF PRESS CONFERENCE ADDRESSED BY THE HONOURABLE MINISTER OF INFORMATION AND CULTURE, ALHAJI LAI MOHAMMED, ON THE RE-ARREST OF IPOB LEADER NNAMDI KANU....IN ABUJA ON THURSDAY, 1 JULY 2021


Good morning gentlemen and welcome to this press conference. As you are aware, the leader of the proscribed Indigenous People of Biafra (IPOB), Mr. Nnamdi Kanu, has been rearrested and repatriated to Nigeria to resume his trial. This was made possible through the collaboration of Nigerian security and intelligence agencies.


2.   Kanu, who is facing an 11-count charge of treason, treasonable felony, terrorism and illegal possession of firearms, among others, jumped bail in 2017 and left the country. On Tuesday, Kanu was re-arraigned in court and ordered to be remanded in the custody of the DSS, while the case was adjourned till July 26-27, 2021


3.   Gentlemen, the Federal Government wishes to commend the Nigerian security and intelligence agencies, who collaborated to re-arrest the proscribed IPOB leader in one of the most classic operations of its type in the world. We commend the professionalism, diligence, patriotism and painstaking efforts of our security and intelligence agencies. We also thank the sister international agencies that collaborated with us to pull off this arrest.


4.   It will interest Nigerians to know that for over two years, our security and intelligence agencies were on the trail of the proscribed IPOB leader as he lived a five-star life across several countries, travelling on chartered private jets, living in luxury apartments and turning out in designing clothes and shoes. Of course, as we all saw, he was wearing an attire made by Fendi, a luxury Italian fashion brand, when he was arrested.


5.   We can tell you that the forensic investigation carried out so far has revealed a treasure trove of information on the proscribed IPOB leader and his collaborators. While the investigation continues, we assure you that none of the collaborators, irrespective of their standing in the society, will be spared. They will all face the full wrath of the law for their activities that challenge our nation's sovereignty and threaten its unity. No one, no matter how highly placed, is bigger than the country.


6.   It is interesting that many are suddenly calling for a fair trial for Kanu as if he didn't get one before he decided to jump bail and flee. However, I can assure you that the fair deal that Kanu denied many of the victims of the violence which he willfully instigated through his broadcasts and tweets will not be denied him.


7.   Finally, there have been speculations on how this re-arrest was pulled off and in which country the hitherto fugitive leader of the proscribed IPOB was nabbed. What we can tell you, once again, is that the re-arrest was made possible by the diligent efforts of our security and intelligence agencies, in collaboration with countries with which we have obligations. We continue to respect and honour the obligations.

 

8.  Gentlemen, we thank you most sincerely for your kind attention.

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