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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PETER OBI REACTS TO 'CAMPAIGN OF CALUMNY 'AGAINST HIS PERSON, CAUTIONS LAI MOHAMMED. (PHOTO).

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Peter Obi Reacts To 'Campaigns Of Calumny' Against His Person, Cautions Lai Mohammed

He said; “In the past few days, I have observed various campaigns of calumny directed at my person, with the latest being allegations attributed to the information Minister, Lai Mohammed from Washington DC.

It is most unfortunate that these consistent efforts to portray me quite contrary to what I am, and my core values, is coming from such high quarters. Minister Lai accusing me of stoking insurrection is totally malicious and fictitious.

I have never discussed or encouraged anyone to undermine the Nigerian state; I have never sponsored or preached any action against the Nigerian state. Those initiating these actions have increasingly used their official positions and agents to make false allegations against me.

I am on record as always, advocating for peace and issue-based campaigns and never campaigned based on ethnicity or religion. I am committed to due process, and presently seeking redress in the Court.

I urge those engaged in this demarketing process to stop presenting Nigeria in such bad light. Our future generations deserve a new Nigeria, where they can live a secure and decent life like their counterparts in other climes. It is possible.”

 

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