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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IHEDIOHA WITHDRAWS FROM IMO PDP GUBER PRIMARY. (PHOTO).

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Ihedioha Withdraws From Imo PDP Guber Primary

March 28, 2023

Former Deputy Speaker of the House of Representatives, Emeka Ihedioha, had withdrawn from the Imo State Peoples Democratic Party Governorship race.

Ihedioha made his decision public in a letter addressed to the embattled National Chairman of the Peoples Democratic Party, Dr Iyiorchia Ayu, on Tuesday.

He said, “As I turned 58 years last Friday, March 24, I had cause to reflect on so many things, including the state of the People’s Democratic Party (PDP)

“Having been a member since its formation in 1998, I align myself with the request made by our state chapter to the National Working Committee (NWC) for a consensus choice of the candidate regarding the 2023 Governorship primaries.

“In the interest of harmony and unity of the Party, I have elected to make the personal sacrifice of withdrawing from further participation in the processes leading to the emergence of the gubernatorial candidate.

“This decision was not taken lightly. My commitment to the service of our people has never been in doubt.

“And I am sure many of those who have, on their own, already started mobilizing for me in Imo State will be disappointed.

“I sincerely seek their understanding and that of associates, admirers and particularly the electorates who have over the years aligned themselves and identified with my political aspirations.

“I am profoundly grateful for the opportunity to have served my various constituencies both as a legislator and Governor. I am also proud of the positive impact I made, particularly in the seven months I served as the Governor of Imo State.”


 

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