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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DON’T BLAME NOLLYWOOD FOR RITUAL KILLINGS,ACTOR ' YUL EDOCHIE ' REPLIES HOUSE OF REPS.(PHOTO).

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Don’t blame Nollywood For Ritual Killings, Actor Yul Edochie Replies House of Reps

Actor Yul Edochie has responded to the House of Representatives claims that Nollywood is partly to be blamed for the increase in the rate of ritual killings across the country.

During the plenary on Wednesday, the House of Representatives called for the declaration of a state of emergency on ritual killings in the country and partly blamed the menace on the Nollywood industry and tasked all stakeholders to begin a national campaign to change the orientation of the people towards the crime.

Reacting to the House of Reps' indictment on Friday, the actor on his Instagram page said, “From when I was a kid in the eighties, I started hearing about ritual killing in Nigeria. Then, there was no Nollywood. Hunger and poverty make people to do crime. No, be Nollywood cause am. Nollywood is only showing what happens in society. Nigerians are wallowing in extreme poverty. A hungry man is an angry man.”

“Fix the country and crime will go away. Don’t blame Nollywood,” he advised.

 

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