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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VAT JUDGEMENT WILL BE FAIR AND FREE FROM EXTERNAL INFLUENCE- CJN TANKO MUHAMMAD.{PHOTO}.

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Ibrahim Muhammad, chief Justice of Nigeria (CJN), says the panel which will hear an appeal by the Rivers state government on the value-added tax (VAT) controversy will be free from external influence.


Rivers is seeking a supreme court ruling setting aside an order of the appeal court which directed the state to maintain status quo on the collection of VAT pending the determination of an appeal filed by the Federal Inland Revenue Service (FIRS).


Supreme court insiders had told TheCable on Thursday that there are plans to arrange a UK trip for the CJN before a panel is constituted to determine the appeal.


In his absence, Mary Odili, the No 2 in the supreme court hierarchy and former first lady of Rivers state, will appoint the members of the panel.


However, A senior special assistant on media to CJN, Isah Ahuraka, said the CJN is healthy and thus, has no plan to travel to the UK for medical attention.

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