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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COURT FREES JOURNALIST AFTER SPENDING 179DAYS IN PRISON. (PHOTO).

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Court Frees Journalist After Spending 179days In Prison

Court Dismisses Terrorism, Treasonable Felony Charges Against Nigerian Journalist, Agba Jalingo

AFederal High Court sitting in Calabar has discharged Nigerian journalist and activist, Agba Jalingo in a criminal suit that alleged he committed acts of terrorism, treasonable felony and cybercrimes.
 
This followed the decision of the Cross River State Government to withdraw the charges it filed against him.

The state had taken over the prosecution from the Nigerian government in February 2020 when he was admitted to bail after spending 179 days in incarceration.

 

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