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

SUPREME COURT ORDERS RETRIAL OF OGUN PDP GUBER SUIT.(PHOTO).


 Supreme Court Orders Retrial Of Ogun PDP Guber Suit



The crisis rocking the Ogun State chapter of the Peoples Democratic Party deepened on Monday with the Supreme Court dismissing an appeal filed before it on the nomination of the party’s governorship candidate.

The Apex Court consequently ordered that the suit instituted by a governorship aspirant, Jimi Lawal, be remitted to the Federal High Court for a fresh trial.

Justice Ibrahim Saulawa in a judgment in the appeal of the PDP held that the Federal High Court was wrong in declining jurisdiction in the matter of Jimi Lawal.

The Apex Court agreed with the Court of Appeal in Abuja that the FHC had jurisdiction under Section 285 of the 1999 constitution and Section 84 (14) of the Electoral Act 2022 to hear the matter of Lawal on its merit.

The Supreme Court therefore ordered the case be remitted to the Chief Judge of the FHC, Justice John Tsoho, in Abuja for determination by another Judge other than Justice Taiwo Taiwo who refused to entertain the suit.

Justice Saulawa in a unanimous judgment of a five-man panel of the Apex Court ordered that the FHC must speedily hear the case of Lawal against Oladipupo Adebutu and the PDP within time allowed by law.

Jimi Lawal who contested the May 25 governorship primary election of the PDP had challenged the emergence of Adebutu alleging that the unlawful delegates list was used by the party to conduct the election.

Among others, Lawal had prayed that the purported primary election of may 25 be cancelled and another be conducted with the authentic ad hoc delegates.

However, Justice Taiwo Taiwo of the FHC in his judgment delivered on July 29 declined to hear the suit of Jimi Lawal on merit on the grounds that the primary election was a domestic affair of any political party and dismissed the suit.

But not satisfied, Lawal approached the Court of Appeal in Abuja with a prayer that the decision of the FHC be voided and set aside on the ground of miscarriage of justice.

A three-man panel of justices of the Appeal Court in their judgment delivered on September 30 agreed with Jimi Lawal, set aside the judgment of the FHC and ordered the suit be heard on its merit..

The PDP, not satisfied with the decision of the Appeal Court, approached the Supreme Court, praying that the judgment of the FHC be upheld to the effect that the conduct of the primary election was its domestic affair.

But Justice Saulawa disagreed with the PDP holding that by virtue of Section 285 of the 1999 constitution and Section 84 of the Electoral Act 2022, the Federal High Court had power to hear the case of Jimi Lawal.

The Apex Court proceeded with an order to the Chief Judge of the FHC to reassign the case to another judge for retrial on its merit.

 

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