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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SUPREME COURT FIXES DATE FOR JUDGEMENT ON OSUN GUBER.(PHOTO).

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Supreme Court Fixes Date For Judgement On Osun Guber


May 8, 2023


The two top contenders of Osun Guber

The Supreme Court will on Tuesday give its verdict on the appeal brought before it by the immediate past governor of Osun State, Adegboyega Oyetola, and his party, the All Progressives Congress.


The court is expected to seat by 2 pm tomorrow (Tuesday).


Oyetola and the APC had challenged the judgement of the Court of Appeal in Abuja, which affirmed Ademola Adeleke of the Peoples Democratic Party as the elected governor of Osun State.


In 2022, the Independent National Electoral Commission announced Adeleke as the winner of the election.


The Supreme Court on Monday scheduled the date and time to lay to rest the legal tussle over the governorship seat of Osun State after parties in the appeal adopted their written address and oral submissions in the matter.


Both Oyeleke and the APC pray that the apex court set aside the verdict of the Abuja Division of the Court of Appeal.


The judgement also voided the judgement of the Osun State Election Petition Tribunal, which returned Oyetola as the winner of the November July 16, 2022 governorship election.

 

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