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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IMO “REFINERY” DEATHS, A NATIONAL DISASTER-PMB.(PHOTO).#PRESS RELEASE.

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IMO “REFINERY” DEATHS, A NATIONAL DISASTER

President Muhammadu Buhari has directed the nation’s armed forces, security and intelligence agencies to intensify the clampdown on illegal refineries following the reported deaths of tens of people Friday night after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area of Imo State.

Reacting to what he described as a “catastrophe and a national disaster,” President Buhari said responsibility for the loss of lives and property must squarely lie with the sponsors of the illegal refinery, “who must all be caught and made to face justice.”

In conveying “the condolences and the full depth and range of the nation’s shock and trauma” to the families of the victims, the Ohaji Egbema community and the government and people of Imo State, the President urged community leaders, the police, and the secret service to never allow the occurrence of the heart-breaking incident in any part of the country again.

 

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