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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APC ADOPTS BEN AYADE WHO TOOK 3RD IN SENATORIAL PRIMARY AS WINNER IN CROSS RIVER STATE.(PHOTO).

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APC Adopts Ben Ayade Who Took 3rd In Senatorial Primary As Winner In Cross River State

Ben Ayade, the Cross River State governor has been adopted to take over the Senatorial ticket of the All Progressives Congress, APC, for the Northern Senatorial District of the state.

The party is scheduled to conduct a primary for his formal adoption on Thursday at the Ogoja, headquartres of the district to handover the ticket to the governor.

In a letter to the Independent National Electoral Commission, INEC by the party’s National Chairman Dr Abdulahi Adamu and the National Secretary, Senator Iyiola Omisore , the APC listed three constituencies across the country including Cross River North whose ticket bearers have withdrawn their candidacies to contest the 2023:election on its platform which warrants the conduct of fresh primaries to elect new flag bearers to replace them.

The constituencies are: Cross River North Senatorial district, Isa Sabon Bimi Federal Constituency, Sokoto State and Bauchi Federal Constituency, Bauchi State

“Consequent upon their voluntary withdrawal, we write to notify the Commission that the party will conduct fresh primaries to nominate new candidates for the listed constituencies on Wednesday, 13 July to Friday, 15 July”.

The State party Chairman, Barrister Alphonsus Eba has instructed ward and local government executives along with party leaders to conduct ward congresses in the five local government areas that form the district on Wednesday and elect delegates to vote in the primary on Thursday to formally adopt the governor.


 

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