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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GUNMEN RELEASE FIVE ADDITIONAL HOSTAGES FROM THE KADUNA TRAIN ATTACK.(PHOTO).

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Train Attack: Gunmen Release Five Additional Hostages

The gunmen who attacked a Kaduna-bound train in March and abducted several passengers released five more hostages on Tuesday.

The release of the hostages comes after the terrorists released four of the victims last week Monday.

A newspaper publisher, Tukur Mamu, who had previously negotiated the release of some of the captives, confirmed the release of the five hostages to PREMIUM TIMES.

Mr Mamu identified the released hostages as Mustapha Imam, a professor from Usman Danfodio University Sokoto, Akibu Lawal; Abubakar Rufai; Mukthar Shu’aibu; and Sidi Sharif.

Mr Mamu said the released hostages visited his office on Tuesday afternoon to thank him for his efforts in securing their release.

Mr Mamu said he had withdrawn as lead negotiator for the release of the captives due to threats to his life, personal integrity and (alleged) lack of support from the Federal Government.

The released hostages
The released hostages
Also, he said he does not know if the relatives of the hostages paid a ransom before they were released.

He said with the release of the five, 34 of the victims are still being held in the forest.

The son of a former military governor of Kano State, Idris Garba, his wife and children and many others are reportedly among those still being held.


 

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