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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GOV. ORTOM LOSES SENATORIAL BID TO FORMER AIDE IN BENUE.(PHOTO).

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GOV. ORTOM LOSES SENATORIAL BID TO FORMER AIDE IN BENUE




Governor Samuel Ortom of Benue State has lost the Benue North West senatorial election to his former aide, Titus Zam of the All Progressives Congress (APC).

Zam was declared the winner for Benue North West senatorial district by the Independent National Electoral Commission (INEC)

Returning officer, Prof. Rufus Shaato.
Shaato said Zam scored a total of 143,151 votes to emerge winner of the election as against Ortom who polled a total of 106,882 votes to come second while the Labour Party candidate, Mark Gbillah, had 51,950 votes.

The results from various polling units, wards and local government area collation centres across the senatorial district indicated that the governor lost in six out of the seven local government areas winning only his native Guma.

The senator-elect was Ortom’s Special Adviser on Local Government and Chieftaincy Affairs during his first tenure.

 

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