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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ELECTION IN RIVERS A COMPLETE FAILURE, SAYS AMAECHI.(PHOTO).

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ELECTION IN RIVERS A COMPLETE FAILURE, SAYS AMAECHI


19th March, 2023 

Rotimi Amaechi, former Minister of Transportation, has described the governorship and House of Assembly election in Rivers State as a complete failure based on the intimidation of voters by thugs.

The former governor, who spoke with journalists after casting his vote in polling unit 14, ward 8, Ubima community, Ikwerre LGA, faulted the inability of Usman Baba, the inspector-general of police (IGP), to address the arrest and intimidation of members of opposition parties in the state.

He said that Governor Nyesom Wike lacks the power to declare anybody wanted, even as he expressed concern over low voter turnout in the state, adding that it is a result of voter intimidation.

Amaechi said: “Look at what is happening in Rivers State —a complete failure of governance. Police are helping PDP arrest APC and SDP members,” he said.

“Gongs are beating in communities asking people who will not vote for PDP not to come out or they will beat them. Unlike before, thugs are beating people everywhere.

“People are being arrested and nobody has spoken. The governor has no right to declare anybody wanted. IGP is doing nothing. Nobody is doing anything. Complete failure.

“Now, there is voter apathy. I don’t know if it cuts across the country, but there is voter apathy in Rivers state. Nobody wants to come out because people are scared.”

Credit: newtelegraphng



 

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