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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COURT OF APPEAL DECLARES ADEMOLA ADELEKE AS WINNER OF OSUN GUBER ELECTION. (PHOTO).

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Court Of Appeal Declares Ademola Adeleke As Winner Of Osun Guber Election

March 24, 2023

The Court of Appeal sitting in Abuja has declared Senator Ademola Adeleke as the winner of Osun State July 16 election.

Senator Ademola Adeleke of the PDP was returned elected by the Independent National Electoral Commission, but the APC candidate at the poll, Adegboyega Oyetola, had challenged the victory before Justice Tertsea Kume-led Tribunal panel, which in a majority judgement delivered on January 27, annulled Adeleke’s victory and declared Oyetola the winner of the poll.

However, a minority judgement by Justice B. Ogbuli dismissed Oyetola’s petition and declared Adeleke the duly elected governor, having scored majority of lawful votes.

But after hearing appeal by the INEC, Adeleke and PDP against the tribunal judgement, the Appeal Court in a unanimous judgment, set aside the ruling of the lower Court and declared Adeleke the Governor of Osun State.

The appellate court in a ruling on Friday.

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