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

NO PLAN TO IMPEACH EL-RUFAI-KADUNA SPEAKER.(PHOTO)


No Plan To Impeach El-Rufai – Kaduna Speaker

The Speaker of the Kaduna State House of Assembly, Hon. Yusuf Zailani, said there was no plan to impeach the state governor, Nasir El-Rufai, saying the purported report was false.

A social media viral report had gone wide that the Assembly was on the verge of impeaching the governor.

However, the Speaker through his media aide, Ibrahim Danfulani, in a statement released in Kaduna on Sunday, said the report was false and should be discarded.

According to Zailani, the report is simply the handiwork of the opposition and enemies of the progress that exist between the governor and the lawmakers in the state.

The Speaker said, ” The attention of the Speaker of Kaduna State House of Assembly has been drawn to a report of purported impeachment moves against Gov. Nasir El-Rufai over corruption allegations circulating on social platforms.

“This is simply the handiwork of opposition and enemies of progress of the relationship between the legislative arm of governent and the executive under the able leadership of Malam Nasir el-Rufai, apparently to create crises between the legislative and the executive and in order to deny the good people of Kaduna State the dividends of democracy they are benefitting courtesy of the good working relationship between the executive and the legislative.

“The report which also said the relationship between the governor and the Speaker of the Kaduna State House of Assembly, Rt. Honourable Yusuf Zailani, has been frosty for quite some time now is also nothing but the figment of imagination of the writer and perhaps their sponsors.

“It is also untrue that the state lawmakers are currently investigating the expenditures of all the Ministries, Agencies and Parasatals of the state government.

“I, therefore, wish to state categorically that the entire report is maliciously concerted to misinform the general public and should be disregarded in its entirety.”

Meanwhile, the Speaker added that the origin of the purported report would be thoroughly investigated with the view to bringing the perpetrators and their sponsors to book to serve as deterent to others.

“Let it however be noted that the relationship between the legislature and Executive is cordial and it is expected not only to remain so but be improved upon,” he added.


 

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