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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ACTION ALLIANCE WITHDRAWS PETITION AGAINST TINUBU. (PHOTO).

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Action Alliance Withdraws Petition Against Tinubu

The Action Alliance has withdrawn its petition against Bola Ahmed Tinubu, the President-Elect.

No reason for the withdrawal was revealed at the start of the Presidential Election Petition Court’s pre-hearing on Monday in Abuja.

AA’s lead council, Oba Maduabuchi requested that the party’s petition be withdrawn.

After the All-Progressives Congress (APC), the President-Elect, and the Independent National Electoral Commission (INEC), stated that they had no objections, Justice Haruna Tsammani dismissed the case.


 

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