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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'I'M SUFFERING': ORJI KALU LAMENTS NAIRA CRUNCH,SAYS HIS FAMILY CAN'T COOK.(PHOTO).

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‘I’m Suffering’: Orji Kalu Laments Naira Crunch, Says His Family Can’t Cook

Senator Orji Kalu on Monday lamented the scarcity of the naira owing to the currency redesign policy of the Central Bank of Nigeria (CBN). He claims his family could not get enough money to cook recently.

“You can see the policy is right but I don’t keep money in my house. I am suffering,” he said during his appearance on Channels Television’s election programme The 2023 Verdict
“The other day, my house manager told my wife in Abuja that we have no money to cook food. My wife was virtually roaming around and we feed over 250 people every day. It is a problem to me and to everybody.”



 

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