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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NIGERIA SINKING IN THE HAND OF INCOMPETENT LEADERS-IBB.(PHOTO).

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A former Military President, General Ibrahim Badamasi Babangida (Retd.), has said the country is sinking in the hands of autocrats, mediocre, ethnic champions, incompetent and visionless actors.

Babangida stated this when he received the National Chairman of the Peoples Democratic Party (PDP), Senator Iyorcha Ayu, at his Uphill Residence alongside the members of the National Working Committee of the party.

“If we have failed to adequately manage the complexities of the competitive party and electoral politics since independence, we now have a golden opportunity at our present crossroads to turn in the direction of pursuing politics as a public interest project, in line with moral and statutory provisions of article 13 and article 14 of the constitution of Nigeria,” he said.


 

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