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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PMB SEEKS SENATE’S APPROVAL TO PAY N226BN, $556.8M, £98.5M JUDGEMENT DEBTS.(PHOTO).

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BUHARI SEEKS SENATE’S APPROVAL TO PAY N226BN, $556.8M, £98.5M JUDGEMENT DEBTS



President Muhammadu Buhari has asked the Senate to approve a request to pay the judgment debt in the sum of $566,754,584.31, £98,526,012.00, and N226 billion.

It was gathered that the monies were owed by the Federal Government through the issuance of promissory notes.
Buhari’s letter of request was read at plenary by Senate President Ahmad Lawan on Wednesday.

It would be recalled that there were 648 cases brought against the president and other FG parastatals.

 

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