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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FG TO DECONGEST JAILS AROUND THE COUNTRY/NOTIFIES GOVERNORS.(PHOTO).

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Rauf Aregbesola, Minister of Interior, has written to the Nigerian Governors Forum to request a meeting in order to decongest jails around the country.

This was made known to our correspondent by the Minister’s Media Adviser, Sola Fasure, on Tuesday.

In exactly one month, Aregbesola stated he would meet with state governors to agree on the mass release of at least 30 per cent of convicts from correctional facilities across the country.

The minister said that the interface was necessary as more than 90 per cent of the inmates were being held for contravening various state laws, noting that over 70 per cent of the 75,635 inmates at present were awaiting trial.

The minister added that the decongestion of the 253 custodial centres nationwide was necessary as some of the inmates have no reason to remain in custody.

However, speaking on the action taken by the minister, Fasure said, “The minister has written to the Governors Forum, but he has not met with them because they will have to communicate with him and give him a date.

“He wrote to them with the request that he wants to meet with them, but he is yet to get a response. In other words, the meeting has not been held.”


 

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