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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ABIA STATE GOVERNOR SIGNS FEMALE INHERITANCE BILL INTO LAW.(PHOTO).

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Abia state governor, Okezie Ikpeazu signs female inheritance bill into law 

A female inheritance bill which would see Abia women inherit and own properties in their father’s family, has been signed into law by Governor Okezie Ikpeazu.

Ikpeazu who congratulated women over the bill which now has a law citation of ‘The Female Persons Right of Inheritance of Property Law 2022’, said his administration would continue to support women.

Also appreciating the state assembly for the courage to pass the bill, the Governor promised that his administration would lean on the side of reason and common sense in the discharge of its obligations to residents of the state. 

Ikpeazu who also described the bill as historic, added that women would no longer be treated as second-class citizens even in their families.


 

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