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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APPOINTING CARETAKER GOVT IN ANAMBRA LGAS ILLEGAL,APC TELLS SOLUDO.(PHOTO).

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Appointing Caretaker Govt in Anambra LGAs Illegal, APC Tells Soludo

The All Progressives Congress, Anambra State chapter, has kicked against the continuous adoption and appointment of local government caretaker chairmen in Anambra State instead of conducting elections, ANAMBRA PEOPLE reports.

The party described the action as “illegal” and “provocative”, a move it said, started from the administrations of former governors Peter Obi and Willie Obiano.

In a statement on Tuesday, the Anambra State Publicity Secretary of APC, Okelo Madukaife, said caretaker governments are illegal and a clear constitutional violation, specifically on Section 7 of the 1999 Constitution, as amended.

Madukaife added that the state governor, Prof. Chukwuma Soludo will be held responsible in the event of any anarchy arising from the state government’s “white-eyed” challenge to the Nigerian Constitution.



 

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