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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REACTIONS AS HISBAH DESTROYS 2.5M BOTTLES OF ALCOHOL IN KANO.(PHOTO).

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Reactions As Hisbah Destroys 2.5 Million Bottles Of Alcohol In Kano

The board stated that the action was taken to strengthen its fight against the importation, sale, and consumption of alcohol, which is illegal in the state.

Hisbah’s Commandant, Sheikh Sani Harun Ibn-Sina, stated that they had received a court order to destroy the alcohol and that they would not relent in their fight against acts that contradicted Islamic teachings.

He said, “There is a law that prohibits the importation, selling and drinking of alcohol and all other similar intoxicants in Kano State, and as such we will always work hard to ensure that the law is followed to rid the state of the harmful substances.

“This is not the first time we are doing this. In the first instance, we destroyed about one million bottles.

In the second phase, we destroyed around two million bottles, and now we are destroying 2.5 million bottles.”


 

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