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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SEE THE PHOTO OF THE IMO TRADITIONAL RULER, KILLED AND HIS CORPSE SET ABLAZE. (PHOTO).

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Gunmen Kill Imo Traditional Ruler, Set Corpse Ablaze

Gunmen have killed Victor Ijioma, the traditional ruler of Orsu Obodo in Oguta LGA, Imo state.

TheCable understands that the monarch was attacked on Thursday at Umuamaka junction in Izombe town.

Ijioma was said to have been shot inside his car, after which his body was set ablaze.

“The Eze Igwe of Orsu Obodo was accosted while he was driving at Umuamaka junction in the afternoon,” a source said.

“They shot him and set him ablaze inside his car and immediately zoomed off.

“Soldiers and other security operatives, as I speak, are patrolling all the nooks and crannies of the village in search of the assailants.

“For this reason, the community is gradually being deserted as many have run away for fear of the unknown.”

When contacted, Henry Okoye, Imo police spokesperson, said he had not yet been briefed about the killing.

The incident is the latest in a series of attacks on traditional rulers in Imo state.



 

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