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

PRESIDENT BUHARI POSTPONES SIGNING OF AMENDED ELECTORAL BILL TILL FRIDAY. (PHOTO).


Buhari Postpones Signing Of Amended Electoral Bill Till Friday 

President Muhammadu Buhari will sign the re-worked Electoral Act Amendment Bill on Friday, February 25.
 
A source close to the Presidency, who had earlier indicated that the President would assent to the bill on Wednesday, confirmed the new date to Channels Television.

There has been condemnation from several quarters over the Buhari presidency’s reluctance to sign the bill.


 

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