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

APPEAL COURT GRANTS OBI’S REQUEST TO SERVE PETITION ON TINUBU. (PHOTO).


 Appeal Court Grants Obi’s Request To Serve Petition On Tinubu


The Court of Appeal has granted permission to Labour Party’s presidential candidate, Peter Obi, to serve his petition challenging the February 25 presidential election on Bola Tinubu of the All Progressives Congress (APC).

Obi is challenging the victory of Tinubu who was declared the President-Elect by the Independent National Electoral Commission (INEC).
The LP flag bearer’s counsel, Ikechukwu Ezechukwu (SAN), in an exparte application, asked the appellate court to grant Obi and the Labour Party leave to serve the petition on Tinubu and the Vice President-Elect, Kashim Shettima, through substituted means.

The lawyer urged the court to permit Obi to serve the court documents on Tinubu and Shettima through the office of the legal adviser of the APC.
Ruling on the application, a three-member panel of the Court of Appeal, Abuja, led by Haruna Tsammani, granted Obi’s request


 

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