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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IGBO LEADERS IN LAGOS CALL ON GOV. SANWO-OLU TO RELEASE DETAINED CHIEF.(PHOTO).

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Igbo Leaders In Lagos Call On Sanwo-Olu To Release Detained Chief

The Supreme Council of Ndi Eze Ndi Igbo in Lagos, yesterday, called on Governor Babajide Sanwo-Olu of the state to release one of their traditional rulers, Eze Chinedu Mozie, detained by the police after he challenged thugs that stopped him and his people from voting in the just concluded governorship and House of Assembly elections at the riverine community of Ibasa Satellite town.

The council alleged Eze Mozie was manhandled and beaten up after he resisted an attempt by the thugs numbering over 50 to lynch him, as he ran into the palace of the Bale of the community for refuge only for the Bale to hand him over to the police, who arrested and took him to the State Criminal Investigations and Intelligence Bureau, SCIIB, Panti, Yaba and is still being detained.

In a statement by the Chairman, Vice-Chairman and Secretary of the council, Eze Lawrence Eze, Eze Vincent Iwobi and Eze Edwin Obi, they said the victim and Igbo community have lived peacefully with their host until the ugly incident and wondered why they should be restricted from exercising their constitutional rights in the same community.



 

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