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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BUSINESS ACTIVITIES DISRUPTED AS MILE-1 CULT GANGS BATTLE OVER RESOURCE CONTROL. (PHOTO).

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Business Activities Disrupted As Mile1 Cult Gangs Battle Over Resource Control

There was pandemonium at Elechi beach axis of Mile 1 Diobu, Porthacourt on Tuesday as two suspected factions (D12 and BS houses ) of Deygbam cult groups engaged themselves in a shootout over territorial control due to illegal bunkering activities in the area.

We gathered that the clash between D12 and BS houses of Deygbam cult groups which is the third within six months started last week Saturday with two persons feared dead.

Our correspondent who was at the area reports that some Police patrol vans were seen moving into the affected place even as gunshots rend the air periodically between the hours of 12pm to 3pm on Tuesday.

Some business owners hurriedly locked their shops and fled the area for fear of the unknown as gunshots were heard periodically .

the spokesperson for the Rivers State Police command SP Grace Iringe Koko confirmed the clash between the factions of Deygbam cult groups in a telephone  interview with our correspondent

She said it was a supremacy battle between suspected D12 and BS Deygbam cult groups .

The Police image maker disclosed that there was no death while adding that normalcy has returned to the area as two Police patrol van of Divisional Police headquarters Mile 1 Diobu has been deployed to the area on the orders of Commissioner of Police, CP Effiong Okon.


 

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