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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PETER OBI REACTS AS LABOUR PARTY ZONAL CHAIRMAN DIES IN AUTO CRASH IN KADUNA. (PHOTO).

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Peter Obi Reacts As LP Zonal Chairman Dies In Kaduna Auto Crash

Labour Party Chairman, Peter Obi, has mourned the passing of one of the party’s Zonal Chairmen in Kaduna State, Mallam Lawal Garba.

Garba lost his life in a fatal auto crash along the Kaduna-Zaria road on Monday.

He was on his way back from the party’s engagement with Northern stakeholders in Arewa House, Kaduna, on Monday.

Reacting, Peter Obi in a tweet on Tuesday expressed shock over his death and prayed that his soul rests in peace.

”I’m shocked by the news of the sudden and tragic death of Mallam Lawal Garba last night in a fatal vehicular accident. Mallam Garba was in attendance at the Arewa House interactive session.

”His death is a huge loss to his family, the Labour Party family in Kaduna State and the Kaduna people.

”I pray for the peaceful repose of his soul and that God Almighty will grant his family the fortitude to bear this huge loss.”


 

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