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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EX-KADUNA APC GUBER CANDIDATE DUMPS PARTY, CITES REASONS. (PHOTO).

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Ex-Kaduna APC Guber Candidate Dumps Party, Cites Reasons

A former governorship aspirant and founding member of the All Progressives Congress (APC) in Kaduna State Sani Shaaban has resigned his membership of the party with immediate effect.

Shaaban, a former member of the House of Representatives, contested in the May, 25th, 2022 APC governorship primary held in Kaduna State which was won by Senator Uba Sani.

In his resignation letter which he addressed to the chairman of APC, Hanwa ward in Sabon Gari Local Government Area of Kaduna State, Shaaban says APC in the state has little or no regard for human lives, social integration, and rule of law, hence his reason for leaving the party.

Speaking through the Director General of his Campaign Council, Ephraim James Shaaban, who is also an in-law to President Muhammadu Buhari, says he can no longer remain in member of the APC under the present state of affairs where the interest of the majority of common folks is little regarded.

According to him, the APC in Kaduna state has become more alienated from the masses, and rather than foster unity, social cohesion, and integration as envisaged by the founding fathers, the party has instead, brought hardship, division, and total disregard for human lives, communal and family values.

Shaaban, however, advised the party to do soul searching with a view to returning it back to the ideals for which it was formed by the progressive minds.


 

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