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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LG CHAIR DIES IN YOBE LESS THAN 24 HOURS TO SWEARING-IN.(PHOTO).#RIP

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LG CHAIR DIES IN YOBE LESS THAN 24 HOURS TO SWEARING-IN



The newly appointed Chairman, Caretaker Management Committee of Karasuwa Local Government Area of Yobe State, Lawan Gana has died. 


According to reports, Gana died on Thursday at Federal Medical Centre, Nguru, after a brief illness.


This is coming as all the 17 LG Chairmen Caretaker Management Committees will be sworn-in on Friday by Governor Mai Mala Buni.


Between 2023 and 2007, the deceased was elected as member Yobe State House of Assembly representing Karasuwa local government on the platform of Peoples Democratic Party, (PDP).


He was also a PDP deputy gubernatorial candidate in 2015, but defected to APC in 2019.

 

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