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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INEC,APC,TINUBU REJECT LIVE BROADCAST OF PRESIDENTIAL ELECTION TRIBUNAL. (PHOTO).

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INEC, APC, Tinubu Reject Live Broadcast Of Presidential Election Tribunal 

On Tuesday, the Independent National Electoral Commission (INEC) and the All Progressives Congress (APC) appeared before the Presidential Election Petition Court in Abuja to respond to the Peoples Democratic Party’s motion for “an order directing the Court’s Registry and the parties on modalities for admission of media practitioners and their equipment into the courtroom.”

Chris Uche SAN, the PDP’s counsel, informed the court that he filed his pre-hearing information sheet on April 27 and has adopted the replies contained therein.

However, he requested an urgent ruling on his motion for live transmission dated May 5, saying that he had served all respondents but had yet to receive their reply.

“We urge the court to permit the televising of the proceedings, especially at this critical moment in the nation,” Mr Uche pleaded.

However, INEC’s lawyer, Abubakar Mahmoud SAN, responded in open court to Mr Uche, stating he would only answer after speaking with his client.

“We will, of course, be needing time to respond, we were served yesterday, we need to take instructions from our client and respond appropriately,” he said.

Chief Tomi Aliyu SAN, who represented Bola Tinubu, said he was planning to answer the case in accordance with the court’s guidelines.

Aside from that, he requested the court to dismiss or strike down the PDP’s plea.




 

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