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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PRESIDENT-ELECT TINUBU MOURNS POLITICAL ASSOCIATE,MUSA GWADABE.(PHOTO).

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President-Elect Tinubu Mourns Political Associate, Musa Gwadabe

President-elect Asiwaju Bola Ahmed Tinubu has expressed sorrow over the passing of his long-term political associate and elder statesman, Malam Musa Gwadabe.

Gwadabe, a former Minister of Labour and Productivity and one-time Secretary to the Government of Kano State, died on Wednesday in Kano at 87.

Tinubu stated this when he paid a condolence visit to late Gwadabe's family in Kano.

represented by the speaker house of representatives Femi Gbajabiamila said Nigeria has lost a great Nationallist .

"I feel deeply saddened to learn of the passing of Alhaji Musa Gwadabe. A dependable ally and decent politician, Alhaji Gwadabe was a committed party man who did a lot to advance the fortunes of our All Progressives Congress.

"I have known Musa Gwadabe since our struggle against the military during the aborted Third Republic where we both belonged to the Social Democractic Party (SDP). We later reunited in the defunct Action Congress (AC) after he became disenchanted with the undemocratic practices of his former party, the PDP.

"Since rejoining the progressive camp, Alhaji Gwadabe had remained committed to the APC. He played pivotal roles in the transmutation of AC to ACN and the formation of APC in 2013. He was unwavering in his dedication to our party and its ideals.

"He was a principled politician who believed in politics of ideology. Even when other elements with whom he joined the AC invited him to jump the ship back to their former party, he honourably declined and chose to remain in the progressive fold.

"He was a selfless leader and a trustworthy political ally whose wise counsel and support I will dearly miss," the president-elect said.

Tinubu, who prayed for the soul of the late politician, expressed his condolences to the Gwadabe family and the people and government of Kano State over the loss.

 

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