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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EDWIN CLARK ENDORSES PETER OBI FOR PRESIDENT. (PHOTO).

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 Edwin Clark Endorses Peter Obi For President

Elder statesman, Chief Edwin Clark, has endorsed the candidacy of Mr Peter Obi for the 2023 general elections.

Chief Clark announced his position at a news briefing in Abuja on Tuesday.

The elder statesman based his endorsement of Mr Obi, who is the Presidential Candidate of the Labour Party on traits he believes are critical to leading the country.

Explaining further, he cited honesty, trust and transparency, all of which he said Mr Obi displayed when he was governor of Anambra State.

Chief Clark called on Mr Obi to tackle the issues of the injustices and environmental degradation in the Niger Delta region if elected as President.

The Ijaw leader’s backing is the second high-profile endorsement to be received by Mr Obi in three days.


 

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