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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OPEC SECRETARY GENERAL,BARKINDO IS DEAD.(PHOTO).#RIP

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Secretary General of the Organisation of Petroleum Exporting Countries, Muhammad Sanusi Barkindo, is dead. He died about 11pm on Tuesday.

His death was announced in the early hours of Wednesday by NNPC GMD, Mele Kyari.

Kyari tweeted, “We lost our esteemed Dr Muhammad Sanusi Barkindo. He died at about 11pm yesterday 5th July 2022. Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. Burial arrangements will be announced shortly.”

Barkindo was on Tuesday described by the President, Major General Muhammadu Buhari (retd.) as a worthy ambassador of the country, when he received him at the State House.

Barkindo’s tenure as OPEC Secretary General comes to an end on July 31.



 

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