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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TINUBU,SHETTIMA,OTHERS VISITS ADAMU IN ABUJA AHEAD OF SATURDAY’S NATIONAL CONVENTION. (PHOTO).

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Tinubu, Shettima, Others Visits Adamu In Abuja 

The National Leader of the All Progressives Congress (APC), Senator Bola Ahmed Tinubu, Thursday paid a courtesy call on Senator Abdullahi Adamu, a chairmanship aspirant of the ruling party ahead of Saturday's National Convention. 

Tinubu visited the Chairmanship Aspirant at his residence in Abuja in company of immediate past governor of Borno State, Senator Kashim Shettima. 

Also visiting was a former Governor of Adamawa State, Vice Admiral Murtala Nyako (rtd.) who welcomed the endorsement of Senator Adamu as consensus candidate for the position.

 

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