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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IT'S UNFAIR TO JUDGE US FOR RESULT UPLOAD GLITCH- INEC.(PHOTO).

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It’s unfair to judge us for result upload glitch– INEC

The Independent National Electoral Commission (INEC), has said that Nigerians should not judge them based on the glitch experienced in the upload of the February 25 presidential election held across the country.

The EU chief Observer, Barry Andrews, said public condience in INEC was severely damaged in the February 25 Felection due to the commission's operational failures and lack of transparency. Andrews said some corrective measures introduced in the March 18 governorship elections seemed to have had a positive effect but overall, trust was not restored and this led to civil societies to call for an independent audit of the entire process. The EU observation team made 6 priority recommendations.

While reacting to the final report on the 2023 general elections submitted by the European Union Election Observation Mission on Monday, June 26, INEC National Commissioner, Festus Okoye, urged Nigerians not to judge the electoral empire as a result of the challenge the commission experienced in the upload of the presidential election.

“It is not fair to judge the entire performance of the commission on the basis of a glitch in the result upload for the presidential election,” he said.

According to Okoye, the law has empowered political parties to know what goes on at the polling units.

“Almost all the political parties nominated and got accredited at least over 170,000 polling agents. What that means is that they had primary evidence of the results from the polling units. It is those results from the polling units, together with the BVAS as a machine itself that goes to the collation centre. So, it is not true for a political party to rely only on result upload in order to get the evidence with which it wants to prosecute its case in court,” he added



 

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