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

MONEY IN THE HANDS OF BANDITS ENOUGH TO DESTABILISE NIGERIA- EL- RUFAI.(PHOTO).


Governor Nasir El-Rufa’i said yesterday, The Nation reports.

He believes the nature of terrorism in the Northwest is far more vicious than the Boko Haram insurgency in the Northeast.

The governor spoke at the weekly Ministerial Briefing organised by the Presidential Media Team at the Presidential Villa in Abuja.

He said preliminary investigations revealed that some security operatives were working for terrorists.

According to him, while 937 were killed and 1,972 kidnapped by bandits in Kaduna in 2020, a total of 1,192 were killed and 3,348 kidnapped last year.

The governor reiterated that the only answer to ending terrorism in all its forms is by total elimination.

He said terrorists, especially those involved in banditry and kidnapping, have adapted their crime forms into a business, with a financial turnover, their original trades in cattle breeding could not generate.

El-Rufai said the effort to tackle the menace had been uncoordinated.

He said some governors thought negotiating with the criminals would solve the problem but realised that it was a mistake.

On whether the terrorists collude with security agents, El-Rufai said: “Yes, we are concerned and it is not impossible to have infiltrators.

“The preliminary report of Boko Haram financing also showed some links to bandits and pointed to some police and military officers in service as having some communication or connection with the bandits.

“So, there’s always that risk. In any system you have traitors and we’re concerned about that. But to date, we don’t have any firm evidence of that. I think a lot more work needs to be done.


 

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