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

AFENIFERE REJECTS TINUBU’S VICTORY,INSISTS OBI WON.(PHOTO).



Afenifere Rejects Tinubu’s Victory, Insists Obi Won


The Pan Yoruba Socio-Political Group, Afenifere, yesterday insisted that the Presidential election, held on February 25, was won by the Presidential candidate of the Labour Party, Peter Obi and not the candidate of the All Progressive Congress, Asiwaju Bola Tinubu.


It therefore, said that the decision of Obi to challenge the results of the election in court, has the group’s support


This was contained in a communique issued after its Special General Meeting, held, at Isanya-Ogbo, Ogun State, on Tuesday.


“That with particular reference to Lagos State, Afenifere confirms that the Governorship candidate of the Labour Party, Mr. Gbadebo Rhodes-Vivour is a person of Yoruba origin, whose great- grandparents are not only Yoruba but definitely one of the notable founding families of Lagos.


“We unequivocally endorse and urge the people of Lagos to vote for him.


Reviewing, the last elections, the group lamented that the deliberate non-compliance INEC with it’s guidelines encouraged electoral brigandage at the polling units.


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