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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BUHARI GOVT NOT OFFICIALLY AWARE OF ANYONE WORKING AGAINST TINUBU- LAI MOHAMMED. (PHOTO).

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Buhari Government Not Officially Aware Of Anyone Working Against Tinubu, Information Minister Reacts To Governor El-Rufai’s Allegation 

Nigerian Government has said it is not aware of any persons in the Presidential Villa working against the ambition of the ruling All Progressives Congress candidate in the February presidential election, Bola Tinubu.

Information minister, Lai Mohammed, said this while addressing State House correspondents at a briefing after the Federal Executive Council (FEC) on Wednesday.

Kaduna Governor, Nasir El-Rufai had said some saboteurs in Aso Villa were working against Tinubu because their candidate did not win the party presidential primaries.
Mohammed restated the President’s position that his administration will only focus on ensuring a free fair and credible elections and not favour or cause anyone to be at a disadvantage.

El-Rufai during an interview on Channels TV on Wednesday said the continued payment of fuel subsidy and the recent Naira redesign are not policies of the ruling APC.



 

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