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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NIGERIA HAS NEVER BEEN IN SO MUCH DEBT AS UNDER BUHARI- SHEHU SANI.(PHOTO).

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Nigeria Has Never Been In So Much Debt As Under Buhari –Shehu Sani

A former member of the Nigerian Senate, Shehu Sani, has said President Muhammadu Buhari would have protested if the government of ex-President Goodluck Jonathan piled up debts like he has done.

In an ongoing Twitter Spaces session with Daily Trust, the Senator, who represented Kaduna Central in the 8th National Assembly, rated the government lowly.

He said, “Never at a time as a country has Nigeria been in so much debt. We keep borrowing from everywhere.”
He said whatever Buhari thought he had achieved would mean nothing if Nigerians were not secure.

Sani also accused Buhari of keeping incompetent people in office, wondering why he cannot reshuffle his cabinet.
 

 

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