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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KADUNA COMMUNITY PAYS BANDITS N400M TO STOP ATTACKS. (PHOTO).

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 Kaduna Community Pays Bandits N400m To Stop Attacks

A community leader from the Birnin Gwari Emirate Council in Birnin Gwari Local Government Area of Kaduna State, Alhaji Zubairu Abdulra’uf, has lamented how members of the communities paid N400m to bandits to enable them to go to their farms.

This is just as he said the people of the emirate had resorted to defending themselves against terrorists that had over the years taken over the area.

He told journalists in Kaduna on Thursday that the constant attacks on communities had paralyzed economic activities in their rural areas and made travelling in the area impossible.

According to Abdulra’uf, N200m was paid to bandits in Randegi district alone.


 

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