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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TWO HERDSMEN IN POLICE NET FOR CUTTING-OFF FATHER’S HANDS.(PHOTO).

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The suspects, Bello Usman, 25, and Shehu Abubakar, 25, allegedly conspired with two others, who are both at large, to perpetrate the act.

Following their arrest, Usman and Abubakar were arraigned by the State Criminal Investigation and Intelligence Department (SCIID) on a two-count charge.

The charge includes criminal conspiracy and causing grievous harm, which contravened sections 97 and 246 of the penal code.

The suspects however told the court that they had planned to rustle their 60-year-old father’s cattle and not to chop-off his hands.

The Minna Chief Magistrate Fati Hassan Umar ordered that they remain in police custody till September 26.

The father and the guardian of the fleeing suspects were also summoned by the presiding chief magistrate.

They were ordered to produce their wards in court on the next adjourned date.

The chief magistrate also directed the police to go after the two fleeing culprits and ensure that they are brought to book.
The father of the herdsmen, whose hands were chopped-off, was conveyed to the court from the hospital where he was receiving medical attention.

 

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