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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POS OPERATOR COMMITS SUICIDE OVER N520,000 LOAN IN ABUJA.(PHOTO).

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POS OPERATOR COMMITS SUICIDE OVER N520,000 LOAN IN ABUJA



35-year-old, Ibrahim Haruna, has committed suicide over N520,000 he borrowed from friends to scale up his Point of Sale (POS) business.

The incident was said to have occurred at his residence in Byazhin area of Kubwa in Bwari Area Council of the Federal Capital Territory, FCT.

According to Daily Trust, the deceased’s younger brother, Isah, said that things were not going well for his brother and that he was certain the debt was responsible for his brother drinking the otapiapia.

Isah said, “My brother once jokingly told me that he would kill himself because of the pressure he was getting from people to return their money, but I always told him everything would be okay.”

One of the residents, Yinka Ogunleye, who expressed shock at the news, said, “He called many friends earlier on that day informing them that he was embarking on a very far journey?

“He even visited various joints in the area before heading home to take the otapiapia.”

A health worker at the Kubwa General Hospital, who pleaded anonymity, who confirmed the incident said that his remains had been taken to the morgue.

 

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